Habitat stores enter administration as part of sale
All but three UK Habitat stores are being put into administration in a deal to sell the indebted furniture chain.
Home Retail Group, owner of Argos and Homebase, will buy the Habitat brand and three central London stores for £24.5m in cash.
Habitat has appointed administrators for its other 30 outlets, which will continue trading for now.
Razia Iqbal reports.
24 Jun 2011
- From the section Business