Closure for Remnant Kings
Home furnishing retailer Remnant Kings has gone into administration as conoravirus fears hit sales in recent weeks.
The chain had reduced in size in recent years at had three stores in central Scotland, employing 32 staff which were made redundant by the administrators.
‘Despite recent government measures to reduce the financial strain on businesses in face of the Covid-19 pandemic, the company is not in a position to meet ongoing critical payments in the face of nil sales income. Remnant Kings was started in Glasgow in 1946 and has been supported during this time by many dedicated and long serving employees and exceptionally loyal customers. We understand this is going to be a very challenging time for many people and we sincerely regret any negative impact this announcement will bring,’ says a company statement.
The chain had begun closing close making branches last year.
‘Unfortunately, Remnant Kings was unable to continue trading in light of significant liabilities and cashflow difficulties, having been affected by changing consumer habits, exacerbated by the Covid-19 outbreak,’ says Blair Nimmo, KPMG administrator.