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More store closures and job losses at Adams

Adams’ administrator PricewaterhouseCoopers will cut 329 jobs and shut a further 36 shops, as it continues to hunt for a buyer for the kidswear chain.

PricewaterhouseCoopers said it was still in talks with interested parties for the Adams kidswear chain, which collapsed at the end of last year.

The closure of the 36 Adams stores, which follows the closure of 111 stores earlier this month, will mean that 267 people will be made redundant with immediate affect.

A further 62 job losses were announced on Friday at Adams’ head office in Nuneaton.

Rob Hunt, joint administrator and partner at PricewaterhouseCoopers, said: “Our priorities are to work with the existing management team to continue trading the business as normal while we continue to pursue a sale. The recent job losses are regrettable but will place the company in a stronger position whilst we explore opportunities to conclude a sale. My team and I will be doing all we can to help the affected employees at this difficult time.”

The remaining 125 stores, which employ about 1,900 people, will stay open as normal while PwC continues with its search for a buyer for Adams.

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