Land of Leather closes 33 stores

Administrator Deloitte has begun stock liquidation sales at the stores with a view to winding them down.

It is possible some of the 95 employees affected could be relocated to other stores.

Deloitte said it is continuing to talk to parties interested in buying the business as a going concern, and the remaining 76 stores remain open.

Lee Manning, Deloitte partner and joint administrator, said: “While we are making every effort to sell Land of Leather as a going concern, it is apparent that interested parties will not buy all of the 109 stores. Therefore, we have taken the decision to begin pre-closure inventory liquidation sales at 33 of the stores.

“We have begun discounting the stock in those stores with a view to winding down. However, we continue to talk to prospective buyers for the business, and all other stores remain open and available for purchase as a going concern.”