Company type | Retail |
---|---|
Industry | Retail trade |
Founded | 1999 |
Defunct | 2017 |
Fate | Liquidation |
Headquarters | , |
Number of locations | 30 (2015) |
Area served | United Kingdom Northern Ireland |
Key people | Robert Hodges Richard Hodges |
Products | Flooring |
Website | www |
Floors-2-Go was a wood flooring retailer in the United Kingdom, established in 1999. In 2012, the company's affiliates took over Allied Carpets in a pre-pack administration deal. [1]
Floors-2-Go was founded in 1999 as a family business, with the first store opening in Birmingham. In 2004, the firm floated on the London Stock Exchange. This saw the firm evolving from cash-and-carry (wholesale)-type warehouses to retail superstores. [2]
In 2005, Floors-2-Go opened its first stores in Northern Ireland. [3] Later that year, the company announced plans to expand to around 350 stores. [4]
In 2007, Floors-2-Go was sold for £52.4 million to its directors and private equity firm Alchemy Partners, at which point it ceased trading on the London Stock Exchange. [5]
In 2008, the firm entered administration for the first time, with its business hit by a slump in the housing market. [6] The administrators, Kroll immediately closed 41 of the group's 132 stores, resulting in 97 redundancies from a workforce of around 450 [ citation needed ].
The firm was saved but entered administration for a second time in 2011. Senate Recovery, the administrators, closed a further 53 stores, but retained 35. [7]
In 2014, the business entered administration for the third time. MB Insolvency were appointed administrators, and made a further reduction in the number of stores and staff... [8] However, the business re-entered administration the following year, this time with a jail threat to the brothers who owned the chain. [9]
The company was eventually dissolved in 2017. [10]
Debenhams plc was a British department store chain operating in the United Kingdom, Denmark and the Republic of Ireland, and is still operating as a franchise in seven Middle East countries. It was founded in 1778 as a single store in London and grew to 178 locations across those countries, also owning the Danish department store chain Magasin du Nord. In its final years, its headquarters were within the premises of its flagship store in Oxford Street, London. The range of goods sold included middle-to-high-end clothing, beauty, household items, and furniture.
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Allied Carpets was a small retail chain specialising in floor coverings, mainly carpets (80%) and then also laminate and wood flooring and curtains, in the United Kingdom. Following financial difficulties and several changes of ownership, the company was dissolved in 2015.
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Zavvi is an online retailer of entertainment products, including Blu-rays, collectables, homeware and toys. Originally a physical retailer, the brand has been online only since it was bought from administration by The Hut Group in 2009. In July 2023, THG confirmed the sale of its OnDemand division, including Zavvi, to its existing leadership team, with financial backing from investment firm Gordon Brothers.
Godfreys was an Australian retailer in the domestic and commercial floorcare and cleaning industry, headquartered in Melbourne. Founded by Godfrey Cohen in 1931, at its peak it had more than 220 company and franchise-owned stores combined across Australia and New Zealand.
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CCA Global Partners, originally called Carpet Co-op of America, is a shared services membership purchasing cooperative company that was founded in 1984 as a carpet cooperative business in Manchester, New Hampshire. It has since expanded into 14 co-ops covering a variety of different industries. CCA Global Partners includes about 4,000 stores throughout the United States, Canada and other countries. The late Alan Greenberg was a co-founder, and Howard Brodsky is a co-founder, chairman and Co-Chief Executive Officer.