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Administrator to close 17 Paul Simon stores

Published: 8 April 2014
Following the announcement that home furnishings retailer Paul Simon had gone into administration, administrator Deloitte will close 17 stores out of 50.
Administrator to close 17 Paul Simon stores
The store closures in the south and southeast of England take place over the next three weeks and will affect 137 members of staff.

The stores which have been earmarked for closure are loss making and a sale will begin in these stores with huge discounts on all goods.

Deloitte have already made 28 head office, warehouse and factory staff redundant.

Administrator Lee Manning said: "As part of the review of Paul Simon's financial position, we have analysed the store portfolio and identified 17 loss making stores for closure. This step has been taken to enhance the prospect of securing a sale of all or part of the remaining business as a going concern.

"We have received strong support from staff at Paul Simon and the joint administrators are very grateful for their continuing commitment during this difficult period."

Deloitte stated the reasons for Paul Simons' difficulties include the current economic climate and the recent flooding which impacted on sales.

Paul Simon specialises in the sale of furniture, curtains and carpets.

Comments

08 April 2014 01:03:00
By helen reed
I Agree the Staff are doing their best.I have cancelled my order and now in the process of claiming my money back.What is evident is the staff have followed the directive however when we phone the administrators NO ONE gets back to you.I saw a man having a go at the staff in the store regarding that issue .For Gods sake does their head office not realise how much the staff are suffering on top of loosing their jobs !!!!I agree very badley handled by the powers that be
08 April 2014 01:02:00
By Jean Patrick
Re: Paul Simon in Administration. I was given the name of the Administrators - Deloitte, who are dealing with this. Having looked up the procedure followed during this happening to a company, It seems to be that customer orders are well down in the pecking order. The process takes some time, but we can only hope that it does not go as far as liquidation, and that a 'buy-out' occurs.
08 April 2014 01:01:00
By Jean Patrick
Visited my local store this morning, and whilst I feel very sorry for the staff who are losing their jobs,and who were trying their best to answer customer's enquiries, the fact remains that they have been kept in the dark as much as the customer. Now faced with non-delivery of my order plus, more importantly, the loss of money paid for this furniture. All very badly handled by the powers that be.

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