Bathroom chain close to collapse
By Sarah Wood | 20th June 2019
Specialist bathrooms chain Bathstore is close to appointing administrators.
The company, which has stores in Cheltenham and Gloucester, is thought to be lining up accountancy firm BDO to handle an insolvency process, as reported by Sky.
The retailer has 160 stores across the UK. Administration would put hundreds of jobs at risk.
Without a rescue deal, Bathstore looks sets to be the latest collapse on the UK high street, following chains like Maplin and Toys R Us, both of which have gone bust in the last 18 months.
Bathstore has been struggling for some time, and has had several changes of ownership over the last decade. Last year, it looked into a merger with rival Victoria Plum, but talks failed to result in a deal.
Image credit ©2018 Google maps, Map data ©2018 Google
Copyright 2019 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.