An affordable jewellery chain has collapsed into administration but is continuing to trade while the company is assessed for a potential sale.
Kate Warwick, Kelly Trenfield, and John Park of FTI Consulting have been appointed joint and several administrators of Secrets Shhh, which is owned by Secrets International.
Secrets sells lab-grown diamonds and simulated alternatives online and in 23 stores around the country.
“The business is trading as usual as much as possible while the administrators undertake an urgent assessment of the company’s operations, and have commenced a sales process and/or recapitalisation of the group,” Park said.
Where stock is available, orders…