Designer outlet chain the Designer Rooms has been placed into liquidation after running into trouble during the Christmas period and racking up £1m of unmanageable debt.
The Designer Rooms had ten stores all of which have been closed down after a potential buyer for the chain withdrew an offer, according to liquidators.
Liquidator James Cowper has been appointed to handle the process.
The firm said in a statement: “James Cowper was first approached in December when the management were trying to find a buyer for Designer Rooms. After extensive negotiations over terms, a prospective purchaser willing to take on a number of the outlets withdrew forcing the store closures. Problems procuring quality stock lines, reduced consumer demand and adverse weather conditions all proved too much in the end”.
The retailer employed 160 staff.
Whalley added: “Unfortunately the Designer Rooms’ problems were just too intractable to resolve”.
Designer Rooms was founded by Jeremy Whaley, the founder of young fashion chain Pilot.