AvnerRadomskyandMichaelGoldstein, directors ofRG Insolvency, were appointed as joint liquidators of Twinmar on 19 June.
A new subsidiary of the Twinmar Group, Twinmar London, bought Sole Trader’s assets, including its stock. It will permanently close eight of its37 stores in the UK, including its branches in Westfield Stratford City and Milton Keynes. The 29 remaining Soletrader stores will reopen in July.
The Soletrader website, which operates as a separate business, will not be affected and will continue to trade. The retailer’s brands, including Soletrader and Sole are owned by Twinmar Group, and will not be impacted by the creditors’ voluntary liquidation.
The company said this necessary action will place the Twinmar Group in a s…
Read the full article at: https://www.drapersonline.com/news/sole-trader-restructures-via-creditors-voluntary-liquidation