Tea, coffee and housewares retailer Whittard of Chelsea is understood to be on the brink of administration.

Whittard of Chelsea facing administration

Tea, coffee and housewares retailer Whittard of Chelsea is understood to be on the brink of administration.
The Baugur-owned chain, which operates 130 Whittard stores throughout the UK, is backed by collapsed Icelandic bank Landsbanki.

Ernst & Young has reportedly been called in as standby administrator and the retailer’s website this morning is trumpeting a 50% sale.

The chain was established in 1886 and made an operating loss of just under £3.2m in its last reported financial year, despite turnover of more than £45m.

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