Fri, 12 Aug 2011 | ADMINISTRATION
The London-based furniture and home accessories chain Lombok is on the verge of entering administration, after filing a notice of intention.
The furniture brand - which specialises in East Asian-themed furniture - filed a notice of intention to go into administration yesterday and is understood to be considering voluntarily placing the business in the hands of administrators.
A spokesman for the business said they were looking at every avenue that was available to them, but unfortunately had to include administration as a distinct possibility.
"Lombok is exploring all options as part of its restructuring and fully intends the Lombok brand to continue trading with a focus on its successful online offering and key flagship stores," the spokesman said.
The company intends to keep its flagship store on London's Tottenham Court Road up and running, as well as its major concession in the House of Fraser store on Oxford Street. It is thought, however, that the rest of the business will be focused on concessions and online trading in future.
The retailer has closed nine stores due to the difficult retail conditions including three this week at Bluewater, King’s Road in Chelsea and Chiswick.
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