Links of London appoints administrators
Links of London which trades from 28 of its own stores along with seven concessions has appointed Deloitte as administrators. The business will continue to trade while sales options are considered but Deloitte says it cannot rule out the sale of stock and assets for the benefit of the company's creditors. Links of London was put up for sale by its Greek Owner, Folli Follie some months ago but it is understood that negotiations were abandoned leaving the business with no option other than to enter administration.
Sports Direct had been one of the parties interested in acquiring the loss-making chain.