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Adams Childrenswear in administration

PricewaterhouseCoopers has been appointed administrators for Adams Childrenswear today.

Rob Hunt, join administrator and partner at PWC said: “Following our appointment, we are continuing to trade as we urgently review the company’s financial position so as to assess which stores can remain open. Adams Kids is a well known brand on the high street and we remain hopeful that it will prove attractive to a purchaser. However, the current difficulties in the retail environment are such that some store closures are likely. We plan to make further communication next week.”

Administrators have not been appointed to a related company, Mini Mode Childrenswear, which suppliers kidswear to Boots.

Readers' comments (3)

  • mmmm...... only a few weeks ago this pair were smoozing with drapers bumming about being the new Top shop for kids, so what happened??? why are we having to read all about folk who are gonna do this and gonna do that, only to find out a few month later its went pop!!!!!!!!

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  • It seems all the 'big boys' are suffering having behaved like they are playing a game of Monopoly, the thing is in this real world people are losing their jobs.

    Former Next chief executive David Jones recently told Drapers, "I am convinced that shopping in the future will be in out-of-town sites or on the internet. The high street will disappear slowly."

    Personally I don't agree with this, what people visiting out of town sites are looking for are the bargains where as on the high street and independents customers are getting the latest collections and the best service from knowledgable staff and are happy to pay for what they know is not on everybody else's back.

    There is a lot more big names that will go, it's just a shame people pay with their jobs whilst the bosses 'buy' back most of the business.

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  • Mr. John Shannon!
    I was among the many people who were made redundant on Friday 23rd January. Previously I was also among the people who attended the company's Road show which promised greener pastures and where the movers and shakers of the company bragged about the achievements, success and the shining future for the company and the man with the bow tie handed everyone the rose-coloured spectacles through which everything appeared nothing but rosy. It was not to be. People are being made redundant and they have not only lost their jobs but also their sanity. They have seen the demise of their careers and some of them have even buried theirs. It has not only broke their hearts it has also broke their spirit.
    Going forward please embrace the company. Those people who are still in the company are a bunch of the most talented and genius people you can get. These are the very people who need someone who can instil the confidence and trust back in them and in return they will uplift the paralysed company and help restore the glory and success which was once synonymous with the Adams name. The sword of Damocles is hanging over the heads of the workers and staff who are still employed by the company. This has to be removed. Good luck!

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