GENERAL MERCHANDISE NEWS
Land of Leather prepares for more redundancies
12 February, 2009 | by Retail Bulletin
Land of Leather employees have been warned that they may lose their jobs as administrators struggle to find a buyer.
Land of Leather called administrators last month after being hit by a drop in demand for big ticket furniture as consumers put major purchaes off.
Lee Manning, Deloitte partner and joint administrator, said: “While it has not yet been possible to sell Land of Leather, we continue to talk to interested parties and our goal remains to find a buyer for the business as a going concern. However, it is prudent to make contingency plans and we have notified all employees of the risk of redundancy and store closures should a buyer for the business not be found.”