Land of Leather not ‘lol’ anymore.
Land of Leather, which employs 850 people has called in administrators after attempts to sell the firm and raise extra money failed. They have appointed Lee Manning and Nick Edwards of Deloitte as joint administrators.
Shares in Land of Leather closed last week Friday at 2.75 pence, valuing the business at less than 1 million pounds. One wonders how a business like this can end up bust?
Estimated job losses: 850
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