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Lewis's owners go into administration

Feb 28 2007

By Bill Gleeson

The owner of Lewis’s department store has been placed into administration. Management of Owen Owen, which owns four stores including Lewis’s, called in receivers this morning. It is understood the move followed a refusal by the stores bankers to further fund its overdraft facilities. The group’s latest accounts show it was trading at a £1m loss. The accounts also blame the city’s big dig for a crucial loss of trade. Story continues ADVERTISEMENT Philip Duffy and David Whitehouse, insolvency practitioners at Kroll, are hoping to keep the shop open for business and to find a buyer to take it over as a going concern. All 250 staff at the Liverpool store have been informed of the situation. Notices have been put up in the stores. store. Owen Owen group also owns Joplings in Sunderland, Robbs in Hexham and Esselmont & McIntosh in Aberdeen. Owen Owen is currently owned by entrepreneur David Thompson, who bought a majority stake in the business in 2004 from previous owner, BhS owner Philip Green.

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