Stricken off-licence group Unwins has appointed Blair Nimmo, Myles Halley and
Jane Moriarty, of KPMG, as joint administrators.
Prior to the appointment the company had already shed 400 staff and had
closed 255 of its 350 stores. KPMG has closed the remaining stores and made
1,400 employees redundant.
Only 20 staff remain, who will help the administrators in the short term.
‘Unwins has suffered, like other off-licence chains, from increased
competition from supermarkets and tight margins,’ said Halley.
‘The directors have tried unsuccessfully to restructure or sell the business
and it is evident that this company is making excessive losses and has no stock
to continue to trade. I appreciate it is a particularly difficult time of year
to announce such news but we have no alternative but to cease trading and make
Administrators are looking to sell off its freehold and leasehold properties,
including its head office in Dartford, Kent.
Political and economic uncertainty behind the fall in confidence
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal