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Vacuum cleaning giant Godfreys has appointed voluntary administrators after 90 years. Immediate restructuring will affect 54 stores and 193 jobs.
Vacuum cleaning giant Godfreys has appointed voluntary administrators after 90 years. Immediate restructuring will affect 54 stores and 193 jobs.
The iconic brand cited downward pressure on consumer spending caused by high inflation and cost-of-living concerns as the reasons behind its demise.
The retailer, which sold vacuum cleaners and other cleaning devices, has joined a string of other retailers to appoint voluntary administrators in the post-COVID cost-of-living crisis.
Clee Capital says payments minnow wrongly placed into administration after revelations more than $19 million was pulled from company by its Malaysian directors.