The administrator to troubled toy and novelties retailer Hawkin’s Bazaar aims to receive all expressions of interest in the business by the end of this week, following the collapse of owner Tobar Group.
Zolfo Cooper, which was appointed administrator last week, said: “A sizeable number of expressions of interest have come in since everyone returned to work. This is in line with our expectations given the strength of the core business.”
Hawkin’s Bazaar’s 25 remaining stores and its online business are now up for grabs after 40 shops were closed following Tobar’s administration on December 30.
A Zolfo Cooper spokesman said the collapse followed a rapid expansion strategy. In April, chief executive Lyle Finlay revealed plans to increase store numbers from 60 to 150.
Footwear retailer Barratts and denim specialist D2 also went into administration in December.