120 jobs lost as Acorn Pets in administration again

By The Newsroom
Published 26th Apr 2011, 23:56 BST
Updated 27th Apr 2011, 22:03 BST
Pet shop chain Acorn Pets has entered administration for the second time in as many years with the loss of more than 120 jobs.

Joint administrators David Menzies and Pamela Coyne of Begbies Traynor said the move followed a "sustained period of poor trading".

As a result, 16 of the Scottish firm's 22 stores have been closed with the loss of 122 full- and part-time posts. A rescue deal for the remaining branches and 41 jobs has been launched.

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The business was bought by management from the previous administrator, Tenon, in September 2009, but has since struggled.

Menzies said: "We were unable to save the stores that were losing money (and are] seeking a buyer for the scaled-down business."