BusinessBusiness RecoveryKPMG picks up two big insolvencies

KPMG picks up two big insolvencies

Called in to administer retailer and china maker

KPMG yesterday announced it had been called in to administer two high-profile
companies.

Leeds-based retailer Empire Direct and subsidiary Empire Property appointed
the Big Four firm as administrator and on the same day it made 158 employees
redundant.

With turnover of £150m, Empire marketed itself as the largest electrical
goods retailer in the UK. KPMG has closed all 14 of its retail outlets across
the UK.

Pottery maker Jesse Shirley and Son Limited, along with subsidiary Hudson and
Middleton limited, have also appointed KMPG as administrators. The family-run
business hit trouble when Wedgewood, a key customer, faltered. 55 staff have
lost their jobs.

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