Jewellery maker Links Of London's administration leads to 38 job losses

Folli Follie SA

18/10/2019 12:45

Oct 18 (Reuters) - UK-based jeweller Links of London's fall
into administration has led to loss of 38 jobs at its head
office in London, administrator Deloitte said on Friday, adding
that there have been no job losses in any stores.
    "Whilst we continue to talk to interested parties about a
sale of the business, the ongoing cash-flow pressures mean the
current cost base is not sustainable," joint administrator Matt
Smith said. 
    The company, owned by Greek Folli Follie  HDFr.AT ,
appointed administrators earlier this month and said on its
website it was unable to process any online sales, but directed
people to its stores.  urn:newsml:reuters.com:*:nL3N26U37M

 (Reporting by Tanishaa Nadkar in Bengaluru; Editing by Aditya
Soni 
)
 ((tanishaa.nadkar@thomsonreuters.com; Within UK +44 20 7542
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