Deloitte have today been appointed administrators of Adjustbetter, a subsidiary of Forminister, the company that holds the UK Kookaï franchise.
Administrators Neville Kahn, Nick Dargan and Lee Manning are carrying out a review of the business and, in the meantime, the business will continue to trade while a buyer for some or all of the business is found.
Kahn said: 'Kookaï is a very strong retail brand. For some time, there has been uncertainty over the franchise arrangements with Kookaï SA and this administration enables more stability to be brought into the business. The operations will continue to trade and I am very confident that with the support of staff, customers and suppliers we will be able to conclude a sale of some or all of the business as a going concern.'
Kookaï trades from 25 stores and 30 concessions employing 600 people.
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