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Lichfield butchers shop saved by takeover

A Lichfield butchers shop has been saved after a management takeover.

The future of Walter Smith, on Market Street in the city, was put in doubt after the firm went into administration.

But, according to the Express & Star, the future of all 20 of the businesses stores across the Midlands has been secured after the management took control of the company as part of a deal engineered with administrators PKF.

A statement from PKF explained:

“The trade and assets were purchased from the administrators by the existing directors and management team. The restructuring has secured all jobs.”

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