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.