ONE hundred jobs are under threat at a Yorkshire-based jewellery retailer, which has gone into administration.
Leeds-based Azendi, which has 19 stores across the UK, is still trading and it is hoped that a buyer will be found for all or parts of the business.
Adrian Berry and Daniel Butters, partners at Deloitte, the business advisory firm, have been appointed as joint administrators.
Mr Berry, who is a partner in Deloitte’s restructuring services team, said: “Azendi has faced a downturn in trading as a result of the current difficult economic trading conditions. We will continue to trade the business whilst we seek a buyer.
“We are hopeful that suppliers will remain supportive while we continue to trade the business, providing us with the best possible platform from which to preserve jobs, and value for all creditors through the process.”
According to its website, Azendi was established in 1989 in Headingley, Leeds.
Andrew Walker from the Leeds office of law firm Irwin Mitchell has been appointed to advise the joint administrators.