Furniture retailer Dwell has closed.
The firm has shut its 23 stores and stopped trading with immediate effect.
The appointment of administrators has not yet been confirmed.
Dwell began trading with a store in Balham, south London, in 2003, and now has stores in Islington, Tottenham Court Road and both Westfield shopping centres. In recent years, it also expanded into Birmingham, Manchester and Glasgow.
Last week, Dwell confirmed it was working with its advisers, including Argyll Partners and Duff & Phelps, to secure further working capital for the business.
A spokesman for Dwell, said: “The business had been working with its advisers, to secure further working capital for the business and was actively in the process of talking to a number of interested parties who saw the value of the Dwell brand and product, its customer base and its multi channel proposition.
“However, despite this interest it did not progress. As a result we have been left with no option but to close the business with immediate effect.”
Annabel.Dixon@estatesgazette.com
Click on the buttons in the chart below to see which landlord and which city is most exposed to Dwell’s closure. Hover over the bars to see the value.
The map below show all Dwell properties in the UK. Bubble size indicates size of unit in sq ft. Zoom into the map or move the map around to find a location. Click on a bubble to find information on that property including lease lengths, landlords and rental information.
Retail stores are shown in dark grey. Office location is in light blue. Industrial location is in light grey.
Please note there are no sizes for Westfield centres.
