Crunch Victims » Surf Clothing http://www.crunchvictims.com Global credit crunch, recession, companies in administration, job cuts and losses - There will be many victims. Thu, 02 Feb 2012 14:12:25 +0000 en hourly 1 http://wordpress.org/?v=3.3 O’ Neill boardwear stores go into administration. http://www.crunchvictims.com/2009/09/23/o-neill-boardwear-stores-go-into-administration/ http://www.crunchvictims.com/2009/09/23/o-neill-boardwear-stores-go-into-administration/#comments Wed, 23 Sep 2009 16:55:59 +0000 Cruvic http://www.crunchvictims.com/?p=2120 oneill_logo

Sandcity who own O’Neill have gone into administration with a potential loss of 90+ staff at the 11 stores around the country. Administrators KPMG have been brought in and they are going to try and find a buyer for the ailing company.   Sandcity is actually owned by the clothing company Black Leisure.

Blacks decided there was “no reasonable prospect” of restoring loss-making Sandcity – the subsidiary which owns the stores – to profit.

Potential job loss = 90

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