BusinessBusiness RecoveryNo Joy as clothing chain falls into administration

No Joy as clothing chain falls into administration

High street clothing retailer Joy falls foul of acute instability in global markets

Clothing and homeware chain Joy has joined a growing list of businesses to
fall into administration as the slowdown in global markets spreads in severity.

A report on
guardian.co.uk
outlined details of the administration which was made official on Friday evening
when the trading company, Maureen O’Brien Limited, called in representatives
from David Rubin & Partners.

The firm said it is attempting to source a buyer to ‘preserve the maximum
number of jobs and to ensure the best possible realisations for the company’s
creditors’.

High-profile clients of the brand include Keira Knightley and Sienna Miller.

Distribution is run from 28 stores nationally with a headcount of 370 staff.

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