One of Huddersfield’s best-known independent stores has gone into liquidation - but will re-open tomorrow morning (Saturday) as a fashion and accessory retailer.
Department store Peters of Huddersfield called in insolvency experts in late January shortly before its shop in the Packhorse Centre closed.
And at a creditors’ meeting today, the store formally went into liquidation.
Peter’s was run by LPQ Ltd, and director David Whittle said the store will reopen, under the name Peters, tomorrow.
Mr Whittle said: “The company is now C&D Retail Ltd, and the store is a completely new business, and will be a fashion and accessory store.
“We have been working with designers and merchandisers all week, and will be trading on the ground floor of the premises.”
Thirty staff, most of them part-time, had been made redundant but Mr Whittle said he hopes most will be reemployed.
He said they had bought the name Peters through the liquidator.
Charles Brook, of Brook Business Recovery, was appointed joint liquidator at the creditors’ meeting.
He said: “It was a straightforward meeting.
“The company is now formally in liquidation and I and a colleague were appointed joint liquidators.
“We have agreed a sale of the assets but that won’t realise much, as is usually the case with retailers, as most is concession stock belonging to third parties.”
It is 12 months since Peters moved from its home in nearby King Street. Peters was set up in 1982 by Mr Whittle’s father Peter, who was previously joint managing director of Kayes department store, which he joined in 1948. Kayes and Peters have been a mainstay of the town centre for decades and David worked alongside his father for 25 years. Peter died aged 87 in 2013.