BusinessBusiness RecoveryKPMG called in at ProCook

KPMG called in at ProCook

Troubled cookware retailer turns to KPMG in efforts to keep the troubled business going

Partners from KPMG have been called in as administrators at ProCook.

The troubled cookware company has 39 outlets across the country and the
futures of 261 staff now hang in the balance.

Joint administrator Joff Pope said: ‘Unfortunately the rapid expansion of the
company into the high street has coincided with a time of tough trading for the
retail sector, which means the business has hit problems. Trading will continue
as normal whilst we seek a buyer for the business as a going concern.’

Further reading:

KPMG
hires Lawson as restructuring chief

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