Key Capital Partners’ Dwell goes into administration

The retailer has ceased trading and told employees to stay at home while it appoints administrators. Around £1m in customer deposits are also at risk. The company confirmed it would not deliver orders still being processed at the time of the collapse.

Dwell confirmed last week that the business had been working with its advisers, including Argyll Partners and Duff & Phelps, to secure further working capital for the business.

Key Capital invested €5m in the business in 2010.

UK retailers that have fallen into administration during the last 12 months include Republic, HMV, Jessops, Blockbuster and Comet.

 

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• Topics
• UK / Ireland
• Exits
• Consumer
• United Kingdom
• receivership