Allders administrators to close historic store
Established in 1862, independent department store Allders will close its doors for the final time on 22 September, as administrators confirmed that have been unable to find a buyer.
After a long battle for the store’s survival, administrators Duff & Phelps said: "Although a number of parties expressed interest during the marketing process, no formal offer was received and the remaining interested party withdrew their interest within the last 24 hours."
Geoff Bouchier, a partner at the firm, went on to state that: "It is with sadness that we are making this announcement as we recognise that the store is an historic and iconic landmark in the local community.
"We would like to take this opportunity to thank the staff of Allders, the concession partners, Croydon Council and the landlord Minerva for their continued support throughout the administration trading period."
In recent years, Allders faced a battle on all fronts to keep its business afloat. Having operated as the flagship store as part of a large chain of department stores in the UK, the Allders chain as a whole went into administration back in 2005, when it was broken up and sold on a piecemeal basis. Retail veteran Harold Tilman purchased part of the Croydon flagship which remains the third-largest department store in the UK.
The decision today leaves around 300 store jobs at Allders at risk, with another 500 members of staff employed at its concessions.