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In
December 2008, Land of Leather's announcement that they were in buyout talks with a number of interested parties, caused their share price to rise by 38.5%. However, these talks ended later in December citing "insufficient value for shareholders".
267:, using the symbol LAN. In December 2008, the company employed 850 people in its 109 stores in the United Kingdom and Ireland. In January 2009, Land of Leather issued profit warnings, and was planning to raise £15 million through a new share issue.
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and the state of the banking market at the time as the causes. The administrators are aiming to sell the company as a going concern. On 26 January 2009, it was announced that 33 stores would close, leaving 76 stores.
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The company was hit hard by the downward slope in the United
Kingdom's housing market which was brought about by the decline in demand, due to a lesser number of people buying and moving homes.
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Soon after, the remaining Land of
Leather stores closed down, and the company ceased trading in the beginning of 2009.
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were appointed as joint administrators. The company was debt free, but it was unable to secure additional funds.
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Land of
Leather was founded in 1994 by Jerry Briant, and in July 2005, the company was floated on the
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On 12 January 2009, Land of
Leather Holdings plc announced that they had entered
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of
England and Wales, and purchasers will not be indemnified by the insurer.
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BBC: Judge rejects 'toxic sofa' claims in burns injury cases, 18 March 2010
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532:. Land of Leather Holdings plc / London Stock Exchange. 12 January 2009
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Companies that have entered administration in the United
Kingdom
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318:. This caused serious rashes to more than 300 users, due to an
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Companies formerly listed on the London Stock
Exchange
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Land of
Leather store in the Westgate Retail Park in
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This position was accepted on 18 March 2010, by the
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sofas made in China, which contained sachets of the
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372:"No buyer for Gillingham Land of Leather store"
615:Defunct retail companies of the United Kingdom
263:, with the assistance of the investment bank,
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635:2009 disestablishments in the United Kingdom
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620:Retail companies of the Republic of Ireland
442:"Land of Leather goes into administration"
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630:1997 establishments in the United Kingdom
590:Furniture retailers of the United Kingdom
600:Retail companies disestablished in 2009
414:. Land of Leather. 2008. Archived from
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7:
595:Retail companies established in 1997
554:. Associated Press. 26 January 2009
552:"33 Land of Leather stores closing"
508:"Land of Leather in administration"
464:"Land of Leather is in offer talks"
283:. Lee Manning and Nick Edwards of
14:
486:"Land of Leather halts bid talks"
390:"Land of Leather plans flotation"
440:Hall, James (12 January 2009).
1:
444:. London: The Daily Telegraph
530:"Administration Appointment"
22:Land of Leather Holdings plc
510:. BBC News. 12 January 2009
488:. BBC News. 9 December 2008
466:. BBC News. 1 December 2008
90:; 15 years ago
64:; 30 years ago
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290:The company cited reduced
328:Zurich Financial Services
322:. Land of Leather had an
246:Thorp Arch Trading Estate
26:
16:Former furniture retailer
610:Companies based in Kent
392:. BBC News. 4 July 2005
244:Land of Leather on the
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306:Land of Leather sold
261:London Stock Exchange
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221:. It operated in the
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302:"Toxic sofa" lawsuit
172:Number of employees
132:Number of locations
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418:on 4 February 2009
378:. 26 January 2006.
360:on 6 October 2015.
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136:2 (September 2009)
354:"Land of Leather"
320:allergic reaction
292:consumer spending
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356:. Archived from
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200:Land of Leather
178:(December 2008)
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281:administration
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556:. Retrieved
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420:. Retrieved
416:the original
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394:. Retrieved
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358:the original
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113:Headquarters
80:Jerry Briant
36:Company type
18:
376:Kent Online
146:Area served
584:Categories
558:26 January
536:12 January
514:12 January
492:12 January
470:12 January
448:12 January
422:11 January
412:"About us"
396:12 January
341:References
335:High Court
211:Northfleet
314:chemical
204:furniture
190:Wakefield
165:Furniture
107:Dissolved
50:Furniture
308:Linkwise
285:Deloitte
265:Investec
250:Wetherby
161:Products
46:Industry
236:History
227:Ireland
217:in the
194:England
155:Ireland
93: (
85:Defunct
77:Founder
67: (
59:Founded
207:retail
202:was a
53:retail
40:Public
326:with
560:2009
538:2009
516:2009
494:2009
472:2009
450:2009
424:2009
398:2009
225:and
215:Kent
118:Kent
103:Fate
95:2009
88:2009
69:1994
62:1994
316:DMF
176:850
138:109
586::
432:^
374:.
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229:.
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97:)
71:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
