Adams axes 850 jobs

Around 850 staff were made redundant at retailer Adams Childrenswear on Monday after administrators announced the immediate closure of 111 stores. In a statement PricewaterhouseCoopers, appointed as administrators on December 31, said Adams' remaining...

Around 850 staff were made redundant at retailer Adams Childrenswear on Monday after administrators announced the immediate closure of 111 stores.

In a statement PricewaterhouseCoopers, appointed as administrators on December 31, said Adams' remaining 160 stores will stay open whilst efforts continued to find a buyer for the business.

It said a number of expressions of interest in the Adams business and brand had been received.

"As a result, we are hopeful that we will be able to sell some parts of the business," said Rob Hunt, joint administrator and partner at PWC.

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