Fri, 24 Jan 2020 | ADMINISTRATION
Norwich-based novelty toy retailer Hawkin’s Bazaar has called in administrators to take over the business. Tom Straw and Simon Thomas, partners at Moorfields Advisory, have been appointed as joint administrators for the company, which was initially put up for sale in August 2019.
Hawkin’s Bazaar employs 177 staff across 20 stores and is headquartered in Yare House on Thorpe Road, Norwich. It operates across the UK and Ireland and has its main warehouse in Eye, Suffolk.
The administrators have said that all stores will continue trading until further notice and that much of its stock will be subject to clearance discounts and special promotions.
Gift cards and exchanges will still be honoured on a limited basis as long as stores remain open, but no further gift cards will be sold nor will cash refunds be issued. All website sales have also been suspended.
“Hawkin’s Bazaar is a retail brand with a strong heritage both on the high street and online,” joint administrator Tom Straw said.
“Unfortunately, despite making changes to their offering to appeal to the shift in modern buying patterns, the retailer still struggled to compete with online retailers such as Amazon, etc.”
The company was founded in 1978 by the late Sid Templer.
A well-established fashion boutique in Cheshire with a loyal customer base and a strong reputation is now available for acquisition.
LEASEHOLD
Opportunity to acquire a well-established business specialising in premium kitchens and bathrooms, situated in the desirable location of Cheam, Surrey.
LEASEHOLD
By far one of the finest garden centres we have had the privilege to offer to the open market. One of the largest and best kept and maintained garden centres in the UK, surrounded by the most affluent suburbs of Leeds and Harrogate and just minutes f...
LEASEHOLD
02
|
Jul
|
Acquisitive professional services firm secures new private equity owner | BUSINESS SALE
A professional services firm that has completed 16 acquisiti...
02
|
Jul
|
£53m-turnover vehicle rental firm falls into administration | ADMINISTRATION
A Stoke-on-Trent-based vehicle rental and contract hire firm...
02
|
Jul
|
Education services provider Empowering Learning Group sold by Graphite Capital | BUSINESS SALE
UK investor exits market-leading, high-growth education serv...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.