Wedding website Confetti enters administration
Wedding website Confetti has been put into into administration, less than a week after it was bought by The Hut Group.
The loss-making business has a turnover of around £5.7m. RSM Tenon said 46 staff had been retained "to support the online business and provide key administrative services."
Joint administrator Kenny Craig, director at RSM Tenon said: "Confetti is a very high profile market leading online brand and enjoys a large customer base.
"The business has great potential for further development and the administration presents an outstanding opportunity for a retail business or entrepreneur to acquire an immediate presence in the wedding and celebrations market.
"We would urge interested parties to make contact in the next day or two to ensure they have a chance to bid for the business."
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