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Article: Buy-out saves DP Furniture Express.(News)
- Article from:
- The Journal (Newcastle, England)
- Article date:
- November 4, 2005
CopyrightCOPYRIGHT 2005 MGN Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: By Graeme King
Collapsed retailer DP Furniture Express was rescued yesterday as administrators agreed to a management buy out for an undisclosed sum.
The Sunderland-based company, which turned over around pounds 60m last year, was built up by entrepreneur John Marshall over 20 years.
Now it is being relaunched under the name Smallharl Limited after administrators from PricewaterhouseCoopers (PwC) closed 10 under-performing stores.
The new team, ...