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Textiles Direct lines up administrator

Soft furnishings retailer Textiles Direct has filed a notice of its intention to appoint administrators.


The 60-store group is understood to have lined up Manchester-based Lucas Johnson as administrator.


Textiles Direct completed a company voluntary arrangement in 2010. It struck a deal to slash the rent on 20 stores by 90% for three years and pay monthly rent on all its stores.


It follows a number of administrations this year, including music retailer HMV, camera retailer Jessops and Blockbuster.


annabel.dixon@estatesgazette.com


 

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