MFI facing administration
Despite a management buyout just three months ago, MFI is facing a genuine risk of entering into administration.
The furniture company is thought to be the latest victim of the downturn on
the high-street and, according to
independent.co.uk,
could appoint adminstrators as early as today.
MFIs website was offering 70% discounts on furniture items this morning.
90 stores were forced to close in September as part of the buyout.
Further Reading:
MFI
plans store administration to avoid rent bill