The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Other Household Equipment In Specialised Stores 47.59 - Retail sale of furniture, lighting equipment and other household articles in specialised stores
287 jobs Number of planned job losses
Announcement Date
7 February 2018
Employment effect (start)
Foreseen end date
Description
Furniture retailer Warren Evans is reported to be closing following a failure to secure new investment; 287 jobs will be lost. The business had been seeking investment since November 2017 and has now taken the decision to enter administration. The company operates 14 showrooms across London and the South East as well as a manufacturing site in London. A statement from the administrators confirmed that there had been a search for investment which had proven unsuccessful. Attempts to sell the business will continue, though in the absence of new partners the business is set to close.
Sources
7 February 2018: Retail Gazette
12 February 2018: The Guardian
Citation
Eurofound (2018), Warren Evans, Bankruptcy in United Kingdom, factsheet number 93380, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/93380.
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