KPMG administrators take on grocer chain Stokes

Independent grocer Stokes plc has entered administration, closing more than
half its stores in the South West and Wales this month.

Richard Hill and Joff Pope, of KPMG, have been appointed joint administrators
of the chain following declining sales at some of its stores. Ten stores were
closed following the administration, resulting in the loss of 65 jobs, while a
further ten had been shut earlier in October.

“The remaining 17 stores will continue to trade as normal while we seek a
buyer for the business as a going concern,” said Hill.

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