PxPixel
Alworths falls into administration - ToyNews

Alworths falls into administration

Leonard Curtis called in to try and find a buyer for the chain.
Author:
Publish date:
20_Alworths 300.jpg

Neil Bennett and Michael Healy at Leonard Curtis, will attempt to find a new owner for the retail chain in order to save the 235 jobs held across the 17 stores.

Alworths was set up by ex-Woolies exec Andy Latham in November 2009, exactly a year after the original chain collapsed.

Questions began to be asked about the future of the business last month when Latham resigned as director.

Administrators Leonard Curtis said that all shops remain open while a buyer is sought.

Partner Neil Bennett, said: “This is a business that operates in a very competitive market that has been badly affected by the recent downturn in consumer confidence experienced on the UK High Street.

"We are currently continuing to trade whilst we look for a suitable buyer in an effort to secure the business and safeguard job security for its current employees.”

Related

Featured Jobs

Copyrights Group

Marketing Manager

The Copyrights Group is one of the licensing arms within The Vivendi Group. Acquired by Vivendi in 2016 Copyrights manages the licensing for a portfolio of properties to include Paddington Bear. Some of the other companies within the Vivendi Group include Universal Music Group, and their licensing arm Bravado, Gameloft and Studiocanal to name a few.