An insolvency firm has launched a bid to save an iconic Manchester store from extinction. Edwards of Manchester suddenly closed last week after selling shoes in the city centre for almost 200 years. The Barton Arcade shop had been supplying made-to-measure shoes to clients since 1830 before it went into liquidation.
But now an insolvency firm is exploring ways in which one of the country’s oldest retailers could be saved after being called in by Edwards’ director Steve Fitzsimmons, who bought the company in 2008.HJS Recovery has now launched an investigation to discover why the company was forced to fold, with a creditors meeting due to be held later this month.
HJS’s managing director Gordon Johnston, the Senior Insolvency Practitioner dealing with Edwards’ liquidation, said: “The business recovery specialists at HJS Recovery have been called in to assess the viability of Edwards.
“Edwards is one of the oldest shoe retailers in the UK and has enjoyed a buoyant position in the city for many years, catering for all types of clients, including well-known footballers.“Unfortunately, due mainly to a change in the market perspective and a significant drop in footfall in Manchester the business has diminished to the extent that in its current format and location it is no longer viable financially.
“It is hoped that the business can be rescued and that it will be able to trade in the near future.”