Struggling furniture retailer Dwell has appointed Duff & Phelps after collapsing into administration just days after closing its 23 stores.
The chain ceased trading on June 20 after its management team closed all of its stores and one House of Fraser concession. Staff were asked to stay at home pending confirmation of the administrators appointment and no further orders will be dispatched.
Duff & Phelps’ John Whitfield and Philip Duffy will act as joint administrators. Whitfield said: “Following our appointment we will be formulating a strategy for the administration. Employees will be notified of their position as soon as possible.
“We are also aware that there are a large number of customers who have placed orders with the company and have already paid deposits. Those customers who have bought goods and have outstanding orders should contact their card issuer in the first instance. Other customers who have not paid by credit card will be unsecured creditors and should notify Duff & Phelps in writing at its Birmingham office.
“At this stage we have not concluded the position on gift vouchers so accordingly we would ask any customer with a gift voucher to contact Duff & Phelps in writing.”
The administrator has appointed property agents Savills to advise on the chain’s property portfolio, and it has already begun talks with a number of interested parties for packages of stores.