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Walmsley sinks into administration
Effects chain Walmsley, which is based in Wednesbury, has become the latest victim of the slowdown in consumer spending after the retailer was affected to call in administrators.
The company has more than 60 stores across the UK, although 25 have already been sold to a new owner by administrators from insolvency firm Leonard Curtis. Details of the affair have not yet been disclosed.
A Walmsley’s spokesman said: "A sale was completed immediately following the appointment to an unconnected partnership. The sale included all of the stock of the business and the buyer has taken over 25 of the stores."
It is thought that remaining stores are now being closed, with cattle being transferred to the shops that are still trading.
Leonard Curtis has not confirmed how many employees have been affected by the company's collapse, but the trade employed 293 staff when its last accounts were published for the year to 30 April 2010.
The failure is the retailer's approve of in the past six years after administrators were called in from Deloitte in late 2005. The company was then rescued by a new business called Unibrook, set up to full the deal, and which included four shared directors.
Has anyone heard of Natuzzi leather couches? What is the top leather couch avail?
I am making it available for a leather sofa high quality. Has anyone heard of Natuzzi? the person selling furnature in my local store said they are the most successful ... But again, they were sold. Thus, any recomendations?
Natuzzi leather delegate both ends of the spectrum as do many other manufacturers.
With leather you really get what you pay and the most expensive item is the best quality furniture.
Italian leather, it is one of overcoming.
