THREE staff members face the prospect of losing their job after bathroom specialist Bathstore called in administrators.
Administrators from BDO are currently searching for a buyer for the chain which has 135 stores across the UK and employs 531 – including three at its Peel Retail Park store.
Ryan Grant, BDO business restructuring partner, said: “Despite significant investment into the business over the past five years, Bathstore has struggled to overcome the well-documented challenges facing the UK retail sector.
“The appointment was made after several months of difficult trading, and the failure of ongoing talks to find a buyer for the business. Bathstore is continuing to trade in administration, whilst the administrators seek a buyer.”
The retailer was set up back in 1990 by Patrick Riley and Nico de Beer. Its headquarters are based in Welwyn Garden City and has been owned by billionaire Warren Stephens since 2014.