Home   News   Article

Oak Furnitureland, with premises in Inverness, is set to close 27 stores, placing 163 jobs at risk


By Gregor White

Easier access to your trusted, local news. Subscribe to a digital package and support local news publishing.



Click here to sign up to our free newsletters!
Oak Furnitureland is to close stores.
Oak Furnitureland is to close stores.

Retailer Oak Furnitureland has announced restructuring plans a month after it was rescued from collapse in a pre-pack administration deal.

Oak Furnitureland is to shut 27 stores, in a move which will put 163 jobs at risk.

It has a store at Telford Retail Park in Inverness along with eight others in Scotland, though no details have been given yet of which stores will be affected.

On June 15, the retailer was acquired by global investment manager Davidson Kempner Capital Management following a sales process by Deloitte.

At the time of the deal, its new owners said they would launch a strategic review into its operations to secure its financial position.

It said business has “stabilised” since showrooms have reopened following the lockdown but still needs to enforce closures as a result of the testing retail environment.

Oak Furnitureland chief executive officer Alex Fisher said: “The current proposal to close some showrooms forms part of a company-wide review that we are undertaking as a business.

“We are committed to driving forward a plan for our future growth, and although this has been a difficult decision, it is the right one for the business in these uniquely challenging times.

“We are confident that the decision will ensure we remain a competitive and dynamic choice for our customers.

“I would like to say thank you to all of my colleagues in every department who have been endlessly committed and patient during this process.”

Click here for more news


Do you want to respond to this article? If so, click here to submit your thoughts and they may be published in print.



This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies - Learn More