Press Room.
Corbett's Bookshops go into administration
On 1 June David Matthews and Martin Ellis of accountants Grant
Thornton UK LLP were appointed Joint Administrators of Corbett's
Bookshops Limited in Tring, Princes Risborough, Harpenden and West
Byfleet. The administration follows months of difficult trading
against the backdrop of the recession and competition from the
internet, supermarkets and larger competitors.
"It is a shame that Corbett's have gone into
administration as the bookshops provide valuable services to local
communities. It is not surprising that they struggled given the
issues facing small independent retailers," said Matthews, a
Director at Grant Thornton's Recovery & Reorganisation
practice.
"Corbett's will continue to trade and we are
considering all options for the shops, which we are looking to sell
as a going concern. Failing that we will sell the leases. We hope
the local people who have supported the shops will come and take
advantage of the reduced prices. If anyone is interested in
purchasing the businesses or leases they should contact Jigisha
Patel on 01189 839617."
"The staff of Corbett's Bookshops have
provided a tremendous service for a very long time. Corbett's will
continue to employ 18 staff, while one employee has left and two
are being made redundant."
ENDS
For media queries please
contact:
Alex Wessendorff, PR Manager, Grant Thornton
press office, Tel: 020 7728 2048, alex.wessendorff@gtuk.com.
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