Hopes of property deal postpones retailer’s administration
Beleagured retailer Store Twenty One has been given two more weeks to raise funds and avoid administration after its Solihull head office was subject to an offer of £3.2m.
Around 1,000 jobs are at risk at the clothing retailer, which entered a company voluntary arrangement (CVA) last year.
Problems returned earlier this year and a winding-up order was presented by HM Revenue and Customs in April 12.
The company filed a notice of intention to appoint administrators, which is a legal move that prevents creditors taking further... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
