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Stocking brands like Calvin Klein, Nike and Lee Cooper at discount prices one might assume Madhouse would work well in the current climate, but their past has been anything but rosy; think rocky and you’re on the right track.
If you look back over just the last couple of years, it is not hard to spot the in-out in-out administration pattern
The original company, Cromwell’s Madhouse, had already fallen into liquidation in the summer of 2007, then 56 stores were saved from closing in February 2009 by Deluxe retail
And to top it all Madhouse fell into administration at the beginning of February and it was announced on Tuesday of this week they had been saved by an unknown! (in phoenix pre-pack style, SnapShop suspects the current owners)
Other big names doing the Administration Hokey Cokey include
Adams Kids
Au Naturale
Envy
Ethel Austin
Floors 2 Go
Officers Club
Past Times
Puccinos
To ensure our customers are kept up to date with all retailer status changes, we at SnapShop have created a nifty device called Alerts, enabling you to keep your eye on all new and expanding retailers, as well as administrations. To learn more, why not take a look at the Demo or speak to one of our friendly team
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