Closure of Liverpool hardware store Rapid 'not ruled out'
- 7 February 2013
- From the section Liverpool
The permanent closure of a Liverpool hardware store which has traded in the city for more than 40 years cannot be ruled out, administrators have said.
The running of Rapid, which employs around 90 people, has been taken over by administrators Duff and Phelps.
A spokesman for the administrators said operations at the store had been suspended while a review of the company was carried out.
He said the company "couldn't rule out the store closing".
He added that it was writing to all affected customers, while employees would be notified of further developments.
Rapid had been run by managing director Martin Doherty and his family since it opened in 1971.
It moved into the former George Henry Lee building on Basnett Street in the heart of the city's retail district three years ago, leaving its original premises on Renshaw Street.