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13 January 2009
12 January 2009
27 November 2008
26 August 2009
8 June 2009
16 January 2013
Ashurst has landed the latest retail insolvency, having been called in by the administrators of Land of Leather.
The Kent-based company brought in Deloitte after three profit warnings in 2008 and disappointing sale figures in January.
Restructuring partner Giles Boothman is working with the administrators, backed up by head of restructuring Nick Angel.
Boothman said: “We have been adviser to the company for about six months as it was getting into a distressed situation.”
He said the team was committed to protecting customers who have orders with the collapsed furniture chain. Deloitte has said it has also received interest from bidders.
The company has 109 stores in the UK and Ireland and employs around 850 people.
Land of Leather is the latest in a string of High Street collapses, sparked by a slowdown in consumer spending.
MFI (27 October), Zavvi (12 January), Woolworths (27 November), Adams Childrenswear (12 January) and Whittard (12 January) have all fallen victim to the recession in recent months.
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Nelson Mandela | 14-Jan-2009 4:46 pm
DisappointedI was disappointed to learn that Land of Leather is a furniture retailer. I thought it was an S&M shop.
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P.W. Croydon | 14-Jan-2009 4:52 pm
By contrastI was disappointed to learn that Madame Discipline's House of Correction is an S&M shop. I thought it was a furniture retailer.
disappointed customer | 15-Jan-2009 10:55 am
leatherLand of leather always made terrible furniture, they deserved to go under. I once bought a sofa from them which they claimed was made out of leather but was actually pleather, like a cheap jacket.Their customer service was terrible and they just ignored me, even after i complained to the consuemr association which.Sorry for their staff but they deserve it.
Bobby Hundreds | 15-Jan-2009 11:06 am
Flights cancelledThe Land of Leather is no more? I was supposed to go on holiday there this spring. Can I get my money back?
Anonymous | 19-Jan-2009 7:37 pm
Wife of husband awaiting possible redundancyThanks for all your comforting comments you articiles make me feel so much better as my husband awaits his fate. Typical of this country - out for yourselves. The staff are only doing their jobs.If you buy a cheap suite what do you expect. You get what you pay for.
Fred West | 19-Jan-2009 9:21 pm
LeatherFeel sorry for some of the staff, does this mean that they will lose the protection the land offered its workers and they will ply their trade on the streets? Bought some leather there but turned out to be plastic, it caused a terrible rash.
Anonymous | 28-Jan-2009 11:31 pm
patheticyou truly are a bunch of pathetic losers, the people at land of leather all have famlies,mortgages and children.Show some compassion, its not their fault that joe public wants solid gold for the price of dogshit
mike | 28-Jan-2009 11:39 pm
patheticyou want to think about the people losing their jobs before making such crass comments
agron jashari | 26-Nov-2011 5:11 pm
I want i lawyer how can complain to land of leather because all my sofa are terrible can you contact me if you can help me 07949199182
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