Furniture retailer Dwell shuts up shop after failing to find a buyer

 
Kasmira Jefford
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DWELL, the furniture chain, became the latest casualty on the high street yesterday after it failed to find a buyer, putting around 300 jobs at risk.

The company has ceased trading and shut all 23 stores and its one concession in House of Fraser, while staff were asked to stay at home until it appoints an administrator.

Dwell filed a notice of intention last week to appoint administrators, understood to be Duff & Phelps, and a formal statement is expected in the next few days.

The website has also ceased trading and customers with outstanding orders have been told to contact their card issuer.

The upmarket retailer, which opened its first store in Balham in 2003, has suffered as customers cut back on big-ticket items.

It recently hired advisers at Argyll Partners to find a buyer but talks with suitors collapsed.