No time limits put on Allders sale, negotiators says
NO time limit has been put on negotiations to save Allders, administrators Duff & Phelps said this week.
A spokeswoman for the company said because the business was being sold as a going concern they were working with the shareholders to find a buyer and no time constraints had yet been put on those negotiations.
A separate statement from the administrators said: "The store remains open for business and concession partners are continuing to support the business during the administration. Outstanding customer orders are being fulfilled.
The statement added: "The joint administrators are currently exploring all potential options to maximise the realisation for the company's creditors including a sale of the business."
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Andrew MacKenzie, chief executive of Allders, said: "We will now work with the administrator to continue ongoing discussions with funders and other interested parties in the business."