Greater than 350 jobs have been misplaced at Crawshaw Group after the Yorkshire-based chain of butchers went into administration and shut two-thirds of its shops.
It’s the newest excessive road retailer to go bust after Evans Cycles, Home of Fraser, Toys R Us and Maplin, whereas a string of different well-known names have shut dozens of shops by way of an insolvency course of often called an organization voluntary association.
Crawshaw, which was based in 1954, mentioned it appointed Ernst & Younger as directors on Friday. It shut 35 shops and its distribution centre at Astley, with the lack of 354 jobs.
The remaining 19 shops and Crawshaw’s different distribution centre at Hellaby stay open and proceed to make use of 261 folks. The agency is constant its trial of three butcher’s counters in Spar shops.
The directors have put the enterprise and property up on the market and have begun talks with events “with a view to agreeing a sale over the approaching weeks”.
Crawshaw was compelled into administration after a number of years of losses and the failure to boost extra money from shareholders to fund a revamp of the enterprise.
Together with different excessive road retailers, Crawshaw has been hit by rising rents, larger enterprise charges and fragile shopper confidence within the run-up to Brexit. It has additionally been beneath stress from the rise of the low cost grocery store chains Aldi and Lidl, which have compelled different supermarkets and Crawshaw to chop costs.
The corporate has 42 excessive road outlets and 12 manufacturing unit retailers throughout the Midlands and north of England. Of the 19 shops which are nonetheless buying and selling, 9 are manufacturing unit shops.
Its new chief govt Jim Viggars, who took over in Could, had plans to open extra of these bigger out-of-town outlets, with parking, that promote massive packs of recent meat. They’re cheaper to open and match out, and have carried out higher than the smaller excessive road shops, which additionally promote sizzling meals akin to entire cooked chickens, pies and stuffed baguettes.
Ranjit Singh Boparan, the entrepreneur often called the “rooster king”, is Crawshaw’s largest shareholder with a 29.7% stake within the enterprise and is an adviser to the board. His 2 Sisters Meals Group additionally provides Crawshaw.