Wedding business Confetti in administration
Wedding supplies business Confetti has gone into administration with the loss of 94 jobs.
The Manchester-based company runs five high street stores, a mail order division and website confetti.co.uk.
Administrators RSM Tenon have already closed the shops in Glasgow, Leeds, Birmingham, Reading and London to concentrate on the online operation.
It said 46 jobs were being retained to support the online business and provide key administrative services.
RSM Tenon want to find a buyer for the firm before 5pm next Monday.
Joint administrator Kenny Craig, director with RSM Tenon in Glasgow, said: "Confetti is a very high profile market leading online brand and enjoys a large customer base.
"The business has great potential for further development and the administration presents an outstanding opportunity for a retail business or entrepreneur to acquire an immediate presence in the wedding and celebrations market.
"We would urge interested parties to make contact in the next day or two to ensure they have a chance to bid for the business."
Confetti sells supplies for weddings and celebrations such as invitations, wedding dresses, gifts and also offers venue hire.