THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Mostyns sold to WCDI

Mostyns, the Dorset based curtain and soft furnishings retailer, has been sold by administrators.

CITY & CORPORATE

Mostyns sold to WCDI

Joint administrators Julie Palmer and Simon Campbell of Begbies Traynor said the company had been sold to WCDI. 

Mostyns, which was founded 1950, employs 128 staff at 35 retail outlets and 59 employees at its head office and manufacturing operation in Christchurch. The administrators said the vast majority of jobs have been saved.

Palmer said: "Mostyns is a very well-known business with a good reputation not just as an excellent local employer in the Christchurch area but for its stores in high streets up and down the country.

"We are delighted that the business has been sold as a going concern, safeguarding the vast majority of jobs."

She added: "Despite a solid underlying business and sales, difficult trading conditions together with the costs of dealing with certain historical problems including onerous property leases has resulted in the company being put into administration."

 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
National Minimum Wage Breakfast Briefing
National Minimum Wage Breakfast Briefing
20 September 2018
6th Floor 1, St. Martin's Le Grand London, EC1A 4AS
National Minimum Wage Breakfast Briefing