Fabb Sofas could close stores after falling into administration

Furniture retailer Fabb Sofas has collapsed into administration after failing to “meet payments as they fall due”. The retailer operated nine stores across England and Scotland, totalling nearly 229,000 sq ft, figures from Radius Data Exchange show. The company, created by DFS founder Lord Kirkham in 2016, has appointed Toby Scott Underwood and Peter David Dickens of PwC as joint administrators after an unsuccessful sale process. PwC said it will be contacting landlords “in due course”. Read more on the retail crisis To send feedback, e-mail pui-guan.man@egi.co.uk or tweet @PuiGuanM or @estatesgazette