Logo
Print this page
Save to disk
Go back

Liquidators shut door on Designer Rooms

04 Feb 2010, Rachael Singh, AccountancyAge

http://www.accountancyage.com/aa/news/1808821/liquidators-shut-door-designer-rooms

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."

Further reading:

Glasgow Shell service stations in administration

© Incisive Media Investments Limited 2012, Published by Incisive Financial Publishing Limited, Haymarket House, 28-29 Haymarket, London SW1Y 4RX, are companies registered in England and Wales with company registration numbers 04252091 & 04252093