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.
North East based plumbers merchant supplying local tradesman with an extensive range of plumbing and heating equipment in addition to a wide variety of bathroom products. Comprehensive design and product support service such as 3D design. Stocks high...
Exclusive UK sales & after-sales service provider for a German manufacturer of food processing equipment. Predominantly works across the convenience foods confectionery dairy & meat processing sectors adding value to the product range through advance...
Established trade supplier of heating ventilation air conditioning and refrigeration (HVACR) products such as walk-in cold rooms freezer rooms and commercial refrigeration equipment and components as well as access panels and commercial and domestic...
|
07
|
|
Aug
|
Wrexham-based wire firm falls into administration | ADMINISTRATION
Wire manufacturer Wrexham Wire has fallen into administratio...
|
06
|
|
Aug
|
Leading UK tour operator Ski Weekends enters administration | ADMINISTRATION
One of the UK’s leading ski tour operators Harris Holi...
|
05
|
|
Aug
|
Pizza Express puts itself up for sale and looks to close 67 outlets | BUSINESS SALE
Pizza Express has announced that it is seeking a buyer for i...
Sign up to receive our acquisition alert emails to get your FREE guide
|
02
|
|
Dec
|
Administrators put cut price Bicester boutique hotel up for sale | BUSINESS SALE
The Manor, a 32-bedroom hotel near Bicester, Oxfordshire, ha...
|
01
|
|
Apr
|
Liam Gallagher’s fashion chain enters administration | ADMINISTRATION
Pretty Green, the men’s fashion retailer established b...
|
14
|
|
Jun
|
Loughborough company files notice to appoint administrator | ADMINISTRATION
Sunline Direct Mail (SDM), an e-commerce and direct mail fir...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources