Watt Brother’s Glasgow store enters final weeks of trading
Administrators Blair Nimmo and Alistair McAlinden from KPMG have announced further discounts at the flagship store of Scottish retailer Watt Brothers, as it enters its final weeks of trading.
The fourth-generation family-owned business operated a chain of department stores throughout Scotland, before entering administration on Friday 18th October 2019.
Following their appointment, KPMG announced that the company’s ten leasehold stores would close immediately, while the flagship Sauchiehall Street store would remain open to allow stock to be cleared.
Discounts of up to 50% have now been applied to final remaining stock items as the store prepares for its final weeks of trading ahead of an anticipated closure in the next few weeks.
Blair Nimmo, joint administrator and UK head of restructuring at KPMG, said: “Our team at KPMG have been working in partnership with the remaining staff members at Watt Brothers, clearing final stock items, and we have now discounted most lines by 50% as we continue to realise the stock.
“I want to thank the staff for their efforts in supporting this challenging process. 53 employees remain at the store and we’re working closely with Skills Development Scotland, via their PACE team, to support those who have been made redundant.”