Famous Army Stores went into administration in January following ‘increased competition in the outdoor leisure sector’, further exacerbated by the effects of the foot and mouth epidemic that ravaged the countryside in 2001.
Russell Cash, PwC joint administrator, said: ‘We are delighted that the future of 47 of the remaining stores has been secured following the acquisition by Blacks Leisure Group. We are hopeful that we will be able to assign a number of leases relating to other stores in the near future.’
Blacks plans to brand the newly acquired stores principally under its Millets brand. Some of the stores will go under the Blacks name.
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children