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."
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