WorldStores and its two subsidiaries, WorldStores Kiddicare and Achica, online retailers specialising in furniture and homeware; products and accessories for babies; and discounted luxury home and lifestyle brands, have been sold to Dunelm Group.
As part of the sale process, Will Wright and Rob Croxen from KPMG were appointed joint administrators to the companies. Immediately upon their appointment, the joint administrators concluded a pre-packaged sale of the business and certain of its assets to the purchaser.
The sale has safeguarded a total of 650 jobs across the companies, with all employees expected to transfer to the purchaser.
Will Wright, KPMG partner and joint administrator, said: “Following an options process, we are delighted to have been able to secure this sale which preserves employment for all staff. We wish the buyer and all involved the best of luck for the future.”