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Faith put into administration

Footwear chain Faith has been placed into administration putting more than 1,700 jobs at risk.

CITY & CORPORATE

Faith put into administration

Heath Sinclair, Rod Weston and Mike Wellard from accountancy firm Mazars have been appointed as joint administrators of the business and its parent company FEC Holdings.

Mr Sinclair commented: “We are currently liaising with interested parties in attempt to facilitate a going concern sale. “We will be working closely with the businesses’ stakeholders in an effort to preserve a well-known retail brand.”

Faith operates concessions within Debenhams and other independent retailers.

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