Business

Hawkin's Bazaar closes more shops

Shoppers
Image caption Hawkin's Bazaar also sells online and over the phone

The owner of toy and novelty gift chain Hawkin's Bazaar brand has announced more store closures.

The Tobar Group, which employs 380 staff across a network of 65 stores, went into administration last month.

It was initially announced that 40 retail units and six concession stores were to close, with the loss of 302 jobs nationwide.

Another 14 will now shut, with the loss of 123 employees. Jobs are also going at the firm's Suffolk head office.

Joint administrators Zolfo Cooper said the latest closures would happen with "immediate effect".

Peter Saville, from Zolfo Cooper, said in a statement: "Despite today's regrettable decision regarding the additional store closures and redundancies, we remain hopeful of achieving a sale of the underlying business.

"We will be looking to work with potential interested parties during the course of next week with a view to identifying the best possible outcome for creditors and other stakeholders."

In December, 35 redundancies were announced at Tobar's head office in Worlingham. The latest statement says another 17 people are to made redundant.

The Tobar Group also sells online and over the phone. The company is not publicly listed but has a reported turnover of about £60m.

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