Home Business News UK butchers chain enters administration

UK butchers chain enters administration

by Purvai Dua
5th Nov 18 10:34 am

British meat chain group, Crawshaw Group, has announced plans to cut 350 jobs as it shutters 35 stores and a distribution centre. The chain has also appointed two Ernst & Young LLP executives as joint administrators today.

The administrators, Robert Hunter Kelly and Charles Graham John King, have offered Crawshaw’s business and assets for sale and have entered into discussions with interested parties with a view to agreeing a sale over the coming weeks, the company added.

Crawshaw chairman Jim McCarthy further told media: “The board and I would like to thank Stephen for his support and wise counsel to Crawshaw since his appointment last year. We wish him well in his future endeavours.”

The company joins a growing list of British retailers that have been forced to seek protection from creditors after being hit hard by competition from online portals and a rise in costs from the pound’s Brexit-induced weakness.

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