Meccano menswear is the latest retailer to face trouble, being placed in voluntary administration this morning.
The menswear retailer has appointed KordaMentha partners Grant Graham and Neale Jackson as administrators.
Jackson said all Meccano stores would remain open over this period while it looked for a buyer.
“Having just been appointed, we are seeking urgent expressions of interest for the business assets and working closely with the management team to quickly establish a way forward for the business,” Jackson said.
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The business has about 60 staff nationwide across 12 stores as well as its online business.
KordaMentha said voluntary administration allowed the company to continue trading while creditors w…
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