Leonard Curtis administrators sell Lombok in pre-pack
Administrators Neil Bennett and Michael Healy sell furniture retailer in pre-pack for second time in as many years
LEONARD CURTIS ADMINISTRATORS have arranged a pre-pack sale of high-end furniture retailer Lombok to its existing management and investors.
Neil Bennett and Michael Healy from Leonard Curtis were appointed joint administrators this week to holding company Angora, which traded as Lombok.
As part of the pre-pack, three stores, a concession and the website have been sold. The management is now engaged in restructuring the business, which could mean redundancies in its head office.
Prior to the pre-pack, Angora shut nine of its stores including Guildford, Hampstead, Brighton and Leamington Spa.
A spokeswoman for Lombok said: “In order to secure the future of Lombok in very challenging trading conditions, Lombok is in the final stages of an essential restructuring which is refocusing the company on its successful online offering and key flagship stores.”
This is the second pre-pack of the business in as many years. In 2009, KPMG administrators sold the company to its management team, securing 124 jobs.