Land of Leather Will Close 33 Stores, Placing 95 Jobs at Risk

Land of Leather Holdings Plc, the U.K. leather sofa retailer that collapsed into administration this month, will close 33 of its 109 stores, placing 95 jobs at risk, administrator Deloitte LLP said today.

Inventory liquidation sales will commence at the outlets after potential buyers indicated they didn’t want to acquire all the stores, Deloitte partner Lee Manning said in an e-mailed statement. Talks with bidders for the other stores continue.