Oak Furniture Administration

Oak furniture land trading as jbglobal ltd has entered administration as recent finances splintered their previous success of the past. Oak furnitureland s future secured through acquisition by davidson kempner capital management the transaction was completed via a pre pack administration deal all stores and employees. Oak furnitureland was sold for an undisclosed sum to hedge fund davidson kempner saving 1 491 jobs.

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The swindon based chain has been bought by hedge fund davidson.

Oak furniture administration. The furniture chain is the latest business to announce store closures and job cuts in the wake of. Oak furnitureland has become the latest struggling retailer to be sold through a pre pack administration the chain has been acquired by davidson kempner capital management a hedge fund as part of a. It s been revealed today that the 100 plus chain store and online retailer have entered administration after a poor couple of years trading. Oak furnitureland which has two showrooms in northern ireland has been rescued from collapse in a pre pack administration deal.

Oak furnitureland has been rescued from collapse in a pre pack administration deal. The retailer says the deal follows a sale process undertaken by deloitte includes substantial new funding provided by davidson kempners s affiliated asset lending platform breal zeta commercial finance in support of the management s business plan and will. Homeware retailer oak furnitureland has revealed plans to shut 27 shops putting 163 jobs at risk. Oak furnitureland has reached a deal with global investment manager davidson kempner capital management lp to secure its future.

The uk s largest retailer of oak furniture has been saved from the brink of collapse after being bought up in a pre pack administration deal. With the assistance of the directors administrator kirks attempted to sell the business as a going concern but was unsuccessful. It is the latest struggling retailer to be pushed to the brink by the coronavirus crisis. Oak furnitureland which has two showrooms in the black country has been rescued from collapse in a pre pack administration deal.

While operations had been reduced drastically following an announcement on 22nd january 2018 the company has ceased to trade and 35 members of. Contemporary oak furniture the company trading under the name oak furniture solutions has gone into administration.