Four jobs at risk at Lincoln branch of beds retailer Dreams on Valentine Retail Park
Jobs could be lost after the Lincoln branch of the bed retailer Dreams was not sold as part of a deal after the company entered administration.
The bed retailer has 266 stores across the UK, employing around 2,000 people.
A total of 171 of the stores have been sold to a new company controlled by Sun Capital Partners.
But, the Lincoln store, on the Valentine Retail Park, has not been included in the package and four jobs could be put at risk.
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The store will continue to trade while administrators Ernst&Young try to find a buyer.
"Dreams is a well known market leader, but in common with many others has suffered as a result of this depressed retail environment, a rapid expansion of its store portfolio and onerous lease liabilities," said Alan Hudson, joint administrator.
"Whilst recent performance has improved, it has seen a decline in like for like sales across its store portfolio as well as its operating margins being squeezed.
"This has resulted in the business being unable to continue to operate outside of administration.
"However, we are pleased to announce that a sale has been completed that sees the majority of the Dreams business being sold to a new company.
"The remaining stores that are not included in the sale will remain open for business whilst the administrators seek to find buyers for these stores."