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Dreams goes into administration
7:20am Thursday 14th March 2013 in News
A LAKESIDE bed shop has slipped into administration.
Ernst & Young have been appointed joint administrators of Dreams.
The retailer has 266 stores across the UK, employing about 2,000 people.
Administrators sold the business and assets to a new company controlled by Sun Capital Partners, which means it will be trading as normal.
The new owner will honour customer orders where part payment deposits have been made.
Alan Hudson, joint administrator, said: “Over 1,600 jobs have been transferred and the future of Dreams has been safeguarded.”