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Scottish department store chain McEwens of Perth enters administration

Scottish department store chain McEwens of Perth has appointed Blair Nimmo and Tony Friar of KPMG has joint administrators after trading for almost 150 years.

McEwens of Perth

McEwens of Perth

McEwens of Perth

Scottish department store chain McEwens of Perth has appointed Blair Nimmo and Tony Friar of KPMG has joint administrators after trading for almost 150 years.

The independent family-run department store chain was founded in 1868. It has a flagship store in Perth, and two smaller stores in Ballater and Oban.

More than half of McEwens’ employees have been made redundant, and the stores in Ballater and Oban have closed with immediate effect. The Perth store will reopen from tomorrow (March 25) for a closing-down Sale.

At the time of administrators’ appointment, McEwens employed 110 people, 97 of which were based in Perth, nine in Ballater and four in Oban. Sixty-four employees have been made redundant, and 46 staff (33 from Perth, nine from Ballater, four from Oban) will stay on to assist the joint administrators.

McEwens of Perth has been trading on the same site since March 1868 and started life as a women’s fashion retailer. In 1982 the business was acquired by the Bullough family, who expanded its range to include homeware.

The business closed loss-making stores in Inverness and Aberdeen last year.

“It is with great sadness and regret that we have had to put McEwens of Perth into administration today,” owners John and Georgina Bullough said in a statement.

“Despite our exhaustive search for investor and partner solutions, all negotiations with the bank have failed and unfortunately we have run out of options.

“Our thoughts are with the wonderful McEwens staff who face redundancy. We are grateful to them for their hard work and all our friends and colleagues for their advice and support.

“Although this is extremely disappointing and sad for us both, as this comes at great personal cost to us, we can stand tall in the knowledge that we have done everything in our power to support the business and the city centre of Perth.”

“Despite the directors’ best efforts, McEwens of Perth continued to incur trading losses as a result of the many challenges being felt by the retail sector,” said Nimmo. “Inevitably this has led to the unfortunate demise of a well-known and highly regarded brand.

“We have started a closing-down Sale in a bid to realise assets, and are grateful to the remaining staff for their efforts and assistance. We are working with those staff made redundant to ensure they receive the necessary support from relevant agencies.”

 

 

 

 

 

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