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| Version 2 | Version 3 |
|---|---|
| Adams 'poised for administration' | Adams 'poised for administration' |
| (about 3 hours later) | |
| UK childrenswear retailer Adams has applied to go into administration, the BBC has learned. | UK childrenswear retailer Adams has applied to go into administration, the BBC has learned. |
| It joins a growing list of well-known chains going to the wall as retailers struggle, including Zavvi, MFI, Whittard and Woolworths. | It joins a growing list of well-known chains going to the wall as retailers struggle, including Zavvi, MFI, Whittard and Woolworths. |
| Adams has 260 outlets in its UK chain and 103 internationally, employing about 2,000 people. | |
| The firm was bought early last year by Northern Ireland businessman John Shannon, who closed 42 branches. | The firm was bought early last year by Northern Ireland businessman John Shannon, who closed 42 branches. |
| Adams has now applied to the administrators' court, but has yet to be officially placed in administration. | Adams has now applied to the administrators' court, but has yet to be officially placed in administration. |
| PriceWaterhouse Coopers (PWC) are likely to be appointed administrators and take over the running of Adams until a new owner can be found. | PriceWaterhouse Coopers (PWC) are likely to be appointed administrators and take over the running of Adams until a new owner can be found. |
| A spokeswoman for PWC could not tell for sure when it would be formally appointed. | A spokeswoman for PWC could not tell for sure when it would be formally appointed. |
| Insolvency fears | Insolvency fears |
| "They put the thing into court on Christmas Eve but I cannot really say much more than that," she said. | "They put the thing into court on Christmas Eve but I cannot really say much more than that," she said. |
| The company, which is celebrating its 75th year, was originally founded in Birmingham. | The company, which is celebrating its 75th year, was originally founded in Birmingham. |
| Adams also makes clothes for health and beauty retailer Boots. | Adams also makes clothes for health and beauty retailer Boots. |
| The insolvency experts Begbies Traynor predicted only a week ago that up to 15 national retail chains would go bust by mid-January. | The insolvency experts Begbies Traynor predicted only a week ago that up to 15 national retail chains would go bust by mid-January. |