Rothschild and KPMG Corporate Finance have been appointed as joint financial advisors for the overseas businesses and assets of collapsed furniture retailer Courts.
The pair have been appointed to “consider strategic options available to realise the maximum value” for creditors of Courts from the company’s businesses in the Caribbean, South East Asia, and the Pacific and Indian Ocean territories.
Courts administrator KPMG said the assessment was likely to lead to the sale of the overseas business.
It added that the Courts overseas operations have separate boards, management, suppliers and funding and was not affected by the administration of the business in the UK.
References: EGi News 18/04/05
