Administration of Masai GB Limited and UK distributor of MBT (Masai Barefoot Technology) footwear
Date: Thursday 17th May, 2012
Author: Maria Bailey
At 12 noon today, Chris Laughton and Peter Godfrey-Evans of Mercer & Hole were appointed as joint administrators of Masai GB Limited. The £8 million turnover company is the UK distributor of MBT (Masai Barefoot Technology) footwear and has 10 stores and a number of concessions throughout the UK.
Following the filing for bankruptcy in Switzerland of the group’s parent company (Masai Marketing & Trading AG) on Monday 7 May 2012, Masai GB Ltd went into administration on Thursday 17 May 2012. Chris Laughton and Peter Godfrey-Evans will be working with the company’s management and staff to sell the business and/or its assets.
Chris Laughton said “Our present intention is that the company’s retail stores will continue to operate. The appointment of Mercer & Hole as administrators coincides with the start of MBT’s 4-week summer sale promotion. This should improve the prospects for the business and will help us do the best we can for creditors.”
Note: All enquiries to Maria Bailey on 020 7353 1597 or 07768 467 481 email firstname.lastname@example.org
Please note that the opinions expressed in this blog represent the views of the author and not the views of Mercer & Hole.