Online-only Arbon and Watts to return

Despite the likely sale or closure of its two high street stores, Arbon and Watts has vowed to come out of administration as a leaner, online-only, retailer.
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Pricewaterhouse Coopers were appointed as administrator of the troubled indie earlier this week. The firm has 49 staff across its business, which includes the MailOrder Express online retail business.

Whilst online trading has been brisk with sales up 40 per cent on last year, according to the firm, the two shops have struggled and a new larger warehousing facility has also increased outgoings. The administrator is now seeking to find a buyer for the two stores in Grantham and Melton Mowbray.

Joint administrator Stuart Maddison said: "We are continuing to trade the business and expect to achieve a rescue or going concern sale within a short period of time. We would also invite any parties inerested in acquiring some or all of the business to contact us urgently."

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