Focus DIY seeks to go into administration

Focus DIY is set to appoint administrators.

Focus is set to go into administration - image: Focus
Focus is set to go into administration - image: Focus

The DIY/garden centre chain, majority-owned by private equity firm Cerberus, said it was seeking consent from its lenders to appoint E&Y as administrators:

"Following notification of an event of default under the senior credit facility, and a realisation that there were no alternatives that could be explored any further, Focus directors have come to the conclusion that to protect the interests of creditors they have no choice but to seek protection through filing a notice of intention to appoint administrators."

Focus DIY employs 3,919 people at 178 stores.


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