500 staff across the chains 130 stores will be going home for Christmas tomorrow with one wish; hoping Ernst and Young find an interested party to buy the company. But with Whittards facing a rent bill on Christmas it may be bailiffs and not father Christmas who is taking drinks for the company founded in Chelsea. As Nick Hood predicted the other day as many as 10 chains may be in imminent danger, as many others are owned or financed by Icelandic money it may be worth looking at the states of their financial positions with regards to the immediate future.
Update: Then again it is always hard to resist a fine cup of tea, or for that matter a whole company. Apparently private equity investor Epic have stepped in to buy Whittards apparently in a deal brokered by former Whittards boss Will Hobhouse.