killmicrosoft
28-12-2008, 04:56 PM
Adams 'poised for administration'
http://news.bbc.co.uk/1/hi/business/7801952.stm
It joins a growing list of well-known chains going to the wall as retailers struggle, including Zavvi, MFI, Whittard and Woolworths.
Adams has 260 outlets in its UK chain and 166 internationally, employing about 2,000 people.
http://newsimg.bbc.co.uk/media/images/45330000/jpg/_45330692_adams226.jpg
The firm was bought early last year by Northern Ireland businessman John Shannon, who closed 42 branches.
Adams has now applied to the administrators' court, but has yet to be officially placed in administration.
PriceWaterhouse Coopers (PWC) are likely to be appointed administrators and take over the running of Adams until a new owner can be found.
A spokeswoman for PWC could not tell for sure when it would be formally appointed. .................................................. ..............................
http://news.bbc.co.uk/1/hi/business/7801952.stm
It joins a growing list of well-known chains going to the wall as retailers struggle, including Zavvi, MFI, Whittard and Woolworths.
Adams has 260 outlets in its UK chain and 166 internationally, employing about 2,000 people.
http://newsimg.bbc.co.uk/media/images/45330000/jpg/_45330692_adams226.jpg
The firm was bought early last year by Northern Ireland businessman John Shannon, who closed 42 branches.
Adams has now applied to the administrators' court, but has yet to be officially placed in administration.
PriceWaterhouse Coopers (PWC) are likely to be appointed administrators and take over the running of Adams until a new owner can be found.
A spokeswoman for PWC could not tell for sure when it would be formally appointed. .................................................. ..............................