Retailer confirms story and blames tough economy for trading dip.
Retail jeweller Clive Ranger has confirmed that it has gone into administration, as reported by Professional Jeweller last week, after suffering a "downturn in trading" due to tough economic times.
A statement from business advisory firm Deloitte said that Richard Hawes, a partner in its restructuring services team, has been appointed as administrator to Clive Ranger.
Hawes said: “Clive Ranger Limited is a well-known brand throughout the Southwest and South Wales, but has faced a downturn in trading as a result of the current difficult economic trading conditions. The four stores will continue to trade as usual whilst we seek a buyer for the business.”
Clive Ranger has stores in Bristol, Bath, Cardiff and Swansea, and employs 34 staff.