Lakeland Leather goes into administration
Appointed last Friday, administrators from McTear Williams & Wood have closed four of the family owned company’s 22 shops with the loss of 20 jobs. Around 200 jobs are now at risk although founder Richard Standring has vowed to do everything he can to save the remaining stores.
In a statement Standring said: "We’re not giving up. We hope to save the remaining stores and save Lakeland Leather."
He added: "The pressure on the family has been immense in the past few years. The odds seem stacked against us. We just about survived the depths of the recession but it left the business weak and in debt. Then last winter the weather was really mild so sales of our leather jackets and coats were down. It tipped us over the edge."
Lakeland Leather opened its first store in Ambleside in the Lake District in the 1960s. Its shops are mostly in the north of England but it also opened stores in Gloucester, Swindon.
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