Meccano 2016 administrators fail to find a buyer and announce wind down of business

Fri, 09 Mar 2018

By Rebecca Howard March 9 (BusinessDesk) - The administrators of Meccano 2016, which went into voluntary administration in February, said they had been unable to secure a buyer for the business and they will now wind down the menswear business. "We now move to the next phase of administration, which is to sell down all stock through the current store network," said administrator Neale Jackson from KordaMentha All stock, including new season styles, is discounted by between 40 percent and 70 percent for sale. Jackson said that seven sto...

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