DWELL, the furniture and home accessories chain, yesterday appointed Duff & Phelps as administrators after eleventh hour talks for a rescue deal collapsed.
The retailer ceased trading last Thursday and shut all 23 stores and its one concession in House of Fraser, putting 300 jobs at risk.
Savills has been hired to sell the stores, which are mainly in London and the south east, including one in Westfield London.
John Whitfield, Duff & Phelps joint administrator, said it would start “formulating a strategy” for the administration and said employees “will be notified of their position as soon as possible”.
He said customers who paid deposits in cash or on debit, rather than on credit cards will be unsecured creditors, who are usually last in line to be refunded.