Adams Kids wings enters administration.
Quoted from Merchant News Syndication
Adams, a chain of stores who sells children’s wear, looks like they will be the most recent victim of the Economic Downturn in the United Kingdom now that they have applied for administrative appointment. The company has more than 100 stores outside of the United Kingdom, which includes 31 located in Ireland. It hasn’t been made clear yet how the outlets will be affected.
Adams, which as been founded for 75 years and has 500 stores in the United Kingdom, employing about 2,000 workers, filed an intentional notice to appoint administrators PriceWaterhouseCoopers the day before Christmas. The woes of the company came down hard on the heels of many other retailers in the United Kingdom, who have collapsed as well. The retailer also has 103 outlets throughout Europe and the Middle East.
Job losses: 3200
Related Web Links:
Did you enjoy this post? Why not leave a comment below and continue the conversation, or subscribe to my feed and get articles like this delivered automatically each day to your feed reader. Alternatively you can follow us on Twitter.
