Administration for Lombok
Furniture retailer Lombok has gone into administration after attempts to sell it failed.
Brian Burke and Sean Bucknall of Quantuma have been appointed as administrator to Angora Retail, which trades as Lombok, and Lombok’s 43 staff have been made redundant.
‘Angora Retail had, in line with many retail businesses, struggled as a result of the economic climate, changing consumer behaviour and spending habits. We also can’t ignore the impact that the coronavirus pandemic has had in this instance,’ says Burke.
‘The pressure on non-essential retailers is at it an all-time high, making it somewhat impossible for a company in this position to recover. Despite our efforts, we have been unable to conclude a sale up to now. However, we are still actively looking to sell the brand and its IPR and would urge any interested parties to get in touch.’
Lombok, founded in 1998, previously went into administration in 2009 and 2011.