The joint administrators of Dawsons Music, Rick Harrison and Neil Gostelow from KPMG’s Restructuring practice, confirm they have sold the business and its assets in a deal which sees all of Dawsons’ 75 employees transfer to the new owner.
The business will continue to trade via a new company, Dawsons Music & Sound Ltd., which is owned and operated by Andrew M. Oliver of Arranged Musical Options Ltd.
Joint administrators were appointed to Dawsons Music on 7 May 2020. The music retailer, which was founded in Warrington more than 120 years ago, operates online and via six stores in Manchester, Liverpool, Chester, Leeds, Reading and Belfast.
Rick Harrison, partner at KPMG and joint administrator, said: “Since the outset of our appointment, we have been struck by the affection that so many people hold for this iconic retailer. We are therefore delighted to have been able to conclude this sale to someone well-established within the musical instrument industry, which not only ensures the Dawsons Music business will continue, but also safeguards employment for 75 members of staff. We wish the new team every success for the future.”
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