// Links of London administrators Deloitte have hired GCW as property advisors
// GCW will be responsible for overseeing the disposal of Links of London’s portfolio
// The jewellery retailer is owned by Greek company Folli Follie
Links of London administrators Deloitte have appointed GCW as property advisors for the jewellery retailer’s portfolio.
Links of London is owned by Greek company Folli Follie, and collapsed into administration earlier this month, putting 350 jobs at risk.
GCW will be responsible for overseeing the disposal of Links of London’s portfolio of 28 leasehold stores and four Folli Follie shops in the UK and Ireland, Property Week reported.
Deloitte said that “in light of ongoing cash flow pressures”, the company directors were left with “no choice” but to place it into administration.
Deloitte also said that Links of London struggled due to “difficult trading conditions”.
Mike Ashley’s Sports Direct was among two final bidders for the chain.
Links of London currently trades from 28 standalone stores and seven concessions across the UK and Ireland.