Sofa company backed by DFS founder enters administration
A sofa company backed by Lord Kirkham, the founder of Yorkshire chain DFS, has called in administrators, resulting in 185 job losses.
Fabb Sofas grew rapidly since its launch in 2016, opening nine stores across England and Scotland.
Despite achieving “significant revenues in such a short period,” said the administrators, the business remained reliant on external funding to support trading losses and could not continue to meet payments as they fell due without it.
Toby Scott Underwood and Peter David Dickens of PwC have b... 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...
