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Administration of Masai GB Limited and UK distributor of MBT (Masai Barefoot Technology) footwear

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 mariabailey@mercerhole.co.uk
 

 

 

Date: 17th May, 2012
Author: Chris Laughton

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