Howards Storage World has been tipped into administration weeks before Christmas, with a restructuring team from Deloitte appointed to the specialist retailer on Friday.
Voluntary administrators Vaughan Strawbridge and David Lombe were appointed to companies that run 29 of the retailer’s stores in New South Wales, Queensland, South Australia and Victoria.
The troubled business is also the franchisor of a further 30 Howards Storage World outlets.
The immediate focus of the administrators will be an “urgent” assessment of the business, and the Australian Financial Review reported they are eyeing a sale of the retail chain.
“It’s very ea…
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