Multiyork administrators insist they are still looking for a buyer for the failed firm’s remaining assets
PUBLISHED: 15:24 03 January 2018 | UPDATED: 15:24 03 January 2018
ARCHANT EASTERN DAILY PRESS (01603) 772434
Administrators are still hoping to find a buyer for the stores and factory of failed furniture retailer Multiyork.
The company went into administration in November and its assets, including eight stores, intellectual property and brand were sold to sofa giant DFS last week in a £1.2m deal.
However, the deal did not include stores at Norwich, Ipswich and Mellis, in Suffolk, or its Thetford head office and factory – where 112 jobs have already been lost.
Administrators Duff & Phelps said it would run the rest of the business until February.
A spokesman said: “During that time the remaining stores will remain open as a winding down sale continues and a potential buyer is found for the remaining parts of the business.”
Joint administrator Allan Graham said: “Despite considerable effort from both the administrators and the senior management team at Multiyork, it has not been possible to agree a sale of the entire business. We believe that this was the best possible outcome, securing the future of the brand and those employed at the eight stores that are expected to transfer to DFS on January 15.”