S J Woodward and C P Dempster of Ernst & Young LLP were appoint Joint Administrators on 26 February 2018.
The appointment was made by the Company’s Directors under the provisions of paragraph 22(2) of Schedule B1 to the Insolvency Act 1986.
Shortly following our appointment, the following assets of the Company were sold to Pavers Limited:
- Assets relating to 42 of the Company’s 47 stores, and stock held at the Company’s remaining 5 stores;
- The Company’s brand, intellectual property, and website; and
- The shares in Beghins Shoes Limited, a Jersey-registered subsidiary of the Company which held the assets and employees of the group’s Channel Islands operations.
S J Woodward
Joint Administrator