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Stationary Box woes put 430 jobs at risk
MORE than 430 jobs are in jeopardy after north west retail chain Stationery Box was placed in administration,nike tn, after less than two months into under new ownership.
Stationery Box posted sales of 46.9m for the year to last June and employed a total of 700 staff, including 100 at its head office in Eagle Park, Warrington.
Retail restructuring specialist Hilco bought the business in early December, then sold 61 of its 137 stores to Chancerealm, the owner of the Ryman and Partners stationery chains,cheap christian louboutin shoes, which is headed by Dragons Den entrepreneur and former Millwall FC chairman Theo Paphitis.
Now adminstrators have been appointed for the remaining 76 shops,sac longchamp pas cher, following a poor Christmas trading performance.
Neil Bennett and Andrew Poxon, of corporate recovery firm DTE Leonard Curtis, are hoping to find a buyer. Mr Bennett said: This is a well established business which in previous years had been successful, although more recently it had suffered under difficult trading conditions and competition from supermarkets and the internet.
We are conducting an appraisal of the business,cheap louboutin shoes, with a view to establishing the level of interest in the stores.
Its early days,trousse longchamp, but we have already received several expressions of interest, and we are continuing to trade the shops in the short term. We are hopeful that we will be able to save very many of the jobs concerned, and produce a good return for the creditors.
It is the latest large high street retail chain to go into administration this month,tn requin, following Stockport based Music Zone whose collapse led to the loss of more than 1,000 jobs The Greeting Card Company and Right Price Tiles.
Stationery Box was launched as a family business in 1989 and was sold to its management in 1998.
They enjoyed success until 2006, when the business began to feel the impact of competition from supermarkets and the internet.
New owner Hilco provided an additional 1m of working capital to try to boost the chain in the run up to Christmas,tn pas cher, but trading continued to be difficult.
MEANWHILE,hogan, more than 120 jobs have gone at the Manchester headquarters of RBA Plastics, after it fell into administration earlier this month.
The company,sacoche longchamp, which supplies injection mouldings to manufacturers of cars and domestic appliances, is based in Wythenshawe.
Seven staff have been kept on at its headquarters to help administrators.
The firm also had a site in Wrexham, where 46 redundancies have been made.
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