PracticeAccounting FirmsMazars take on The Pier administration

Mazars take on The Pier administration

Furniture store taken over by Mazars and given to Hilco to roperate

Mazars has
become the administrator of
The Pier, the High Street
store specialising in ethnic furniture and home décor.

The Pier went into administration yesterday and Hilco, the distressed asset
specialist whose plans to buy Woolworths failed to win approval from lenders,
has been appointed to operate its 31 stores and 17 concessions, according to the
Financial Times.

The Pier’s website said this morning that: ‘The affairs, business and
property of the company are being managed by the Joint Administrators, Roderick
Weston and Nigel Heath Sinclair, both of Mazars LLP, who act as agents of the
Company only and without personal liability.

‘The Administration of the Company does not affect any consumer’s statutory
rights.’

Rod Weston said: ‘The Company has encountered difficulties due to the harsh
trading conditions associated with the current economic climate. While in
administration the business will continue to trade as normal. We are now
reviewing options and are seeking a buyer for the business as a going concern.”’

The Pier has been placed into administration by its Icelandic owner Lagerinn
which placed the UK division of its Ilva furniture chain in administration
earlier this year.

Related Articles

Mazars appoints new partner to accounting and outsourcing team

Accounting Firms Mazars appoints new partner to accounting and outsourcing team

1m Emma Smith, Managing Editor
Mazars appoints new corporate finance partner

Accounting Firms Mazars appoints new corporate finance partner

4m Emma Smith, Managing Editor
Mazars announces new partner promotion

Accounting Firms Mazars announces new partner promotion

8m Emma Smith, Managing Editor
Six new UK partners announced by Mazars

Accounting Firms Six new UK partners announced by Mazars

1y Stephanie Wix, Writer
Mazars announces six new UK partners

Accounting Firms Mazars announces six new UK partners

1y Stephanie Wix, Writer
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

8m Emma Smith, Managing Editor
Senior partner elected for second term at Mazars

Accounting Firms Senior partner elected for second term at Mazars

9m Stephanie Wix, Writer
Mazars UK appoints new head of financial services

Accounting Firms Mazars UK appoints new head of financial services

12m Stephanie Wix, Writer