Scottish musical instrument retailer Kenny’s Music has ceased trading, the firm confirms in a new communication with its supplier partners, seen by Guitar.com.
The company – which ran an online store, as well as brick-and-mortar stores in Glasgow, Aberdeen, Dunfermline and formerly Dundee – reveals its intention to move into Creditors’ Voluntary Liquidation (CVL), “despite our strongest sales ever in recent years”.
“The rapidly rising cost base across both stores and e-commerce, combined with continued pressure on margins, has made it impossible for us to operate sustainably within the traditional music retail model,” writes Alex Marten, Managing Director at Kenny’s Music. “Continuing to trade would not have been…