Adds particulars on staff, shops, background
Adds particulars on staff, shops, background
Oct 18 (Reuters) – UK-based jeweller Hyperlinks of London’s fall into administration has led to lack of 38 jobs at its head workplace in London, administrator Deloitte mentioned on Friday, including that there have been no job losses in any shops.
The posh jewelry retailer, owned by Greek Folli Follie HDFr.AT, has round 28 standalone shops throughout the UK and Eire together with seven kiosks and employed 350 folks when it appointed directors earlier this month.
“While we proceed to speak to events a couple of sale of the enterprise, the continuing cash-flow pressures imply the present value base will not be sustainable,” joint administrator Matt Smith mentioned.
Smith had earlier mentioned that the administrators had been in search of various options, together with an organization voluntary association (CVA), refinancing or sale, however had been unable to ink such a deal.
Hyperlinks of London was based in 1990,…