David Hargrave and
Jervis, administrators from
PricewaterhouseCoopers have sold majority
of the business and assets of Adams
Childrenswear to a newly formed company backed by retail entrepreneur, John
The deal means that 273 Adams’ stores across the UK will remain open,
securing the employment of over 3,200 employees.
Hargrave and Jervis were appointed as joint administrators on 1 February 2007
Operating from its base in Nuneaton, Adams is the largest specialist retailer of
children’s clothing in the UK with an annual turnover of £200m.
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children