Walmsley stores sold

A turnaround firm has acquired parts of Walmsley Furnishing out of administration, although 35 of its 60 stores have been shut and 100 jobs lost.

SKG Capital has bought 25 of the West Midlands-based furniture retailer's stores after it became the latest chain to collapse. Habitat UK folded in June but Home Retail bought three stores and the brand. Walmsley came under fire in 2008, along with Land of Leather and Argos, for selling sofas treated with chemicals that caused rashes.