News Ticker

Feather & Black follows sister chain Multiyork into administration

Less than a week after its sister chain Multiyork went into administration, Feather & Black has followed suit.

The 25 store chain had been put up for sale by Wade Furniture Group on 25 September.

Duff & Phelps, which is handling the administration of Multiyork, has been appointed administrator.

Allan Graham, joint administrator said Feather & Black would continue to trade ‘in the short term with a view to finding a purchaser for the business as a going concern. We are confident that a buyer will be found.’

In the year to 2 October 2016, Feather & Black saw a pre-tax loss of £3.63m become a profit of £204,000: its first profit since 2010. Between the profitable years it lost £8.62m. Sales rose by £527,000 to £23.175m.

Leave a comment

Your email address will not be published.


Subscribe To Our Newsletter
Subscribe to our email newsletter today to receive updates on the latest news, projects and product news!
No Thanks
Thanks for signing up. You must confirm your email address before we can send you. Please check your email and follow the instructions.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.
WordPress Popup