BusinessBusiness RecoveryMFI facing administration

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

MBO
saves MFI from collapse

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