Tuesday, 28 November 2017

Furniture retailer Feather & Black collapse puts 123 jobs under threat



Furniture retailer Feather & Black has gone into administration, putting 123 jobs under threat.

 
The retailer will still trade "in the short term" and administrator Duff & Phelps said its "current intention" was to honour orders up until 27 November.


Duff & Phelps said it was looking for a buyer to continue to run the shops.


The furniture chain is owned by the Wade family, which also owns furniture retailer Multiyork which also fell into administration last week.


Feather & Black - which traces its roots back to 1994 - has 25 retail stores across the UK, including concessions within Multiyork shops.
The chain also has a head office and warehouse in Chichester, west Sussex, and employs 123 people in total.


Duff & Phelps said customers with current orders would be contacted "in due course" with updates.


"The joint administrators are trading Feather & Black in administration in the short term with a view to finding a purchaser for the business as a going concern.


"We are confident that a buyer will be found and encourage any interested parties to come forward," said Duff & Phelps joint administrator, Allan Graham.


Mr Graham said customers with current orders would be contacted "in due course" with updates.




BBC       News.