BusinessCompany NewsTen Allders stores set to close

Ten Allders stores set to close

Nearly one-quarter of Allders stores will not be sold as a going concern under the latest plans by administrators Kroll.

Link: Buyers queue up for ailing Allders

Andrew Pepper and Alastair Beveridge, the Kroll administrators holding the reins of the ailing retail store business, confirmed that it had ‘not been possible’ to sell all of the stores as a going concern.

‘However, we are now progressing discussions with buyers who are interested in 35 of the 45 stores,’ Kroll said in a statement.

While the negotiations are ongoing, all 45 of Allders’ stores will remain open and continue trading.

‘The remaining 10 stores have to date generated limited interest and as a result ‘closing-down sales’ commenced on Saturday at these stores,’ Kroll said.

‘We are still willing to consider offers for these 10 stores and would encourage parties interested in these particular outlets to come forward and make their interest known immediately.’

The administrators have been unable to decide what is best for Allders’ head office in Croydon, and are still reviewing ‘all options’.

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