More retail uncertainty for Haverfordwest as administrators appointed to Julian Graves
3:01pm Tuesday 3rd July 2012 in News
Difficult financial conditions could claim the life of yet another of Haverfordwest's stores as health food store Julian Graves goes into administration but remains trading.
Chris Farrington, Neville Kahn and Lee Manning of Deloitte, the business advisory firm, were appointed joint administrators to Julian Graves Limited, a food retailer specialising in dried fruit and nuts yesterday afternoon.
Haverfordwest's Bridge Street store is one of 189 across the UK.
Deloitte said that the company has been adversely affected by the tough economic climate, in particular, the ongoing pressure on consumer spending, a competitive high street trading environment, and rising commodity prices.
Chris Farrington, joint administrator and restructuring services partner at Deloitte, said: “Our priority is to assess the financial position of Julian Graves and consider what options are available. In the meantime, all stores will continue to trade as normal and all employees will continue to be paid.”