Fri, 24 Jan 2020 | ADMINISTRATION
Norwich-based novelty toy retailer Hawkin’s Bazaar has called in administrators to take over the business. Tom Straw and Simon Thomas, partners at Moorfields Advisory, have been appointed as joint administrators for the company, which was initially put up for sale in August 2019.
Hawkin’s Bazaar employs 177 staff across 20 stores and is headquartered in Yare House on Thorpe Road, Norwich. It operates across the UK and Ireland and has its main warehouse in Eye, Suffolk.
The administrators have said that all stores will continue trading until further notice and that much of its stock will be subject to clearance discounts and special promotions.
Gift cards and exchanges will still be honoured on a limited basis as long as stores remain open, but no further gift cards will be sold nor will cash refunds be issued. All website sales have also been suspended.
“Hawkin’s Bazaar is a retail brand with a strong heritage both on the high street and online,” joint administrator Tom Straw said.
“Unfortunately, despite making changes to their offering to appeal to the shift in modern buying patterns, the retailer still struggled to compete with online retailers such as Amazon, etc.”
The company was founded in 1978 by the late Sid Templer.
This business presents a robust opportunity with an established client base across multiple sectors and a strong management team.
LEASEHOLD
An exciting opportunity has arisen to acquire the assets of a renowned artisan bakery specialist, celebrated for their handcrafted products.
LEASEHOLD
This renowned company, with a century-long reputation and a prestigious customer base, is available for acquisition, offering significant growth opportunities under new ownership, with flexible deal structures considered.
LEASEHOLD
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