Hawkin’s Bazaar on brink of administration
Hawkin’s Bazaar and its parent company Tobar Group have filed a notice of intent to appoint administrators.
The novelty toy retailer, which employs 380 people, is expected to go into administration within the coming days.
Robin Knight of the proposed administrator Zolfo Cooper said: “When it goes into administration we will have to look at various options. The preferred option is for us to sell part or all of the business.”
He added: “In common with a significant number of other retailers it (Tobar) has experienced exceptionally difficult trading conditions over the past few months. The directors have taken a number of steps to turn the business around but they have concluded that in its current guise they have no alternative but to seek administration.”
Hawkin’s Bazaar was founded in 1973 and operates 120 stores across the UK.
