Job losses at Ulster branches after toy shop chain is sold
Toy and novelty gift chain Hawkin's Bazaar, which has three stores in Northern Ireland, has been sold in a management buy-out after falling into administration last month.
It's understood staff at the stores in Antrim and both Castle Court and Connswater shopping centres in Belfast have been made redundant but a spokesperson was not available to confirm the exact number last night.
Before its collapse, the owner of the retail chain, Tobar Group Holdings Limited, had employed 380 staff at 65 stores.
Administrators, Zolfo Cooper said that in total it has closed 57 of the 65 stores, and made 300 staff redundant. The administrator has also secured the sale of the eight remaining stores plus all the stock, trading names and the wholesale and online businesses to the existing management supported by the private equity group Primary Capital.
They will continue to trade under the Hawkin's Bazaar name.
A statement from P Zolfo Cooper, said: "We are extremely pleased to have secured the sale of the group which puts it on a firm footing for the future.
"We wish the group and its owners all the best for the future."