Tue, 14 Jun 2011 | ADMINISTRATION
Fashion and homewares chain Life & Style has been placed into administration for the third time in three years.
RSM Tenon directors Simon Bonney, Peter Hughes-Holland and Tom MacLennan have been appointed to handle the administration. They have said they are launching an immediate review of the company's business affairs, but will be keeping shops trading through this period, while they also seek offers for its business and assets.
Mr Bonney said the 100-store company had been brought to the situation due to poor trading conditions.
"We are currently looking at all aspects of the business, but with the exception of closures that the business had planned before it was put into administration, stores will remain open for the immediate future," he explained.
Life & Style was created out of the Ethel Austin clothing retailer. In 2008 businesswoman Elaine McPherson bought the company out of administration, but it became insolvent again two years later, only to be repurchased by McPherson.
Offers are being sought for the business and assets, with private equity firm SKG Capital already having shown interest in running the business as a going concern.
The company designs and delivers electronic portfolios for organisations that capture and assess evidence for personal, professional, and organisation recognition, internationally. The company creates leading digital solutions that mirror and enhance...
A distributor of oils and ancillary cleaning products to a wide client base, and is not dependent on any one client or market sector. These Items are an essential component to ensure smooth operation of equipment and reduce wear & tear and reduce ope...
The company is an equestrian business comprising a popular retail store, accredited livery and riding facilities and a competitive events operation, operating from an attractive rural location in the East Midlands.
LEASEHOLD
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.