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Karrimor sold within 24 hours of going into receivership - BikeBiz

Karrimor sold within 24 hours of going into receivership

The Lancashire outdoor pursuits equipment supplier, spawned from a bicycle shop, has had a troubled recent past and has now been sold to Lonsdale Sports, the boxing suppliers retailer. Seven of Karrimor's retail outlets are part of the acquisition. Corporate rescue and recovery firm Begbies Traynor had been working with Karrimor two weeks before it went into receivership and was able to secure a sale quickly. Pentland, owner of the Berghaus and Brasher brands, was one of the potential buyers of Karrimor.
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Karrimor is based in Clayton-le-Moors, Lancashire. The company has 250 employees; 60 based at its HQ and the remaining staff located at its retail outlets dotted around the UK.

The seven retail outlets which are part of the Lonsdale acquisition are based in Clayton-le-Moors, Manchester, Cambridge, Brighton, Nottingham, London St Pauls, and London Wardour Street.

Begbies Traynor is seeking a buyer or buyers for the remaining 20 shops.

Karrimor was founded in 1946 by Charles and Mary Parsons. They hand-sewed cotton-duck pannier bags from the upstairs of their Lancashire cycle shop.

In March 2003, Karrimor acquired some of the YHA Adventure Shops, the retail group that went into administration in March. 15 of the 16 YHA Adventure Shops had store-in-store bicycle outlets called The Bike Chain.

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