Liquidators shut door on Designer Rooms
A last-minute sale of the company falls through, leading to the liquidation of the clothing retailer
An partner from James Cowper has been appointed to liquidate clothing company
Designer Rooms.
Peter Whalley is in charge of breaking up the clothing retailer, which runs
the popular Pilot store chain.
Designer Rooms ran into difficulty, resulting in a £1m debt in the run up to
Christmas 2009. Pilot employs 160 people in 10 stores, all of which are to
close.
Whalley said: “James Cowper was first approached in December when the
management were trying to find a buyer for Designer Rooms. After extensive
negotiations over terms, a prospective purchaser willing to take on a number of
the outlets withdrew forcing the store closures.
“Problems procuring quality stock lines, reduced consumer demand and adverse
weather conditions all proved too much in the end.”
Peter added: “It is a difficult time for the Designer Rooms’ employees, but I
expect that, in time, all shop floor staff will be able to receive all wages,
holiday pay and redundancy to which they are entitled from the Redundancy Fund
compensation scheme operated by the Department for Business Innovation &
Skills.”
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