Julian Charles Saved by Great Bedding in Pre-Pack Deal
Deal News | Mar 26, 2025 | Home of Direct Commerce
The soft furnishings specialist, Julian Charles, originally founded in 1947, found itself in financial distress and filed for administration. The company had a total of 70 UK outlets, including 41 standalone stores. Rising operational costs and decreasing consumer confidence were cited as factors contributing to its difficulties. Administrators Marco Piacquadio and Alan Coleman from FTS Recovery were appointed to manage the situation. In a rapid pre-pack sale, the administrators negotiated a deal with Great Bedding Co. Ltd, effectively rescuing the company. This transaction saved 230 jobs spanning 25 stores and additional concession sites. The administrators expressed satisfaction with the quick and efficient resolution, emphasizing their focus on preserving employee positions and maintaining business continuity for stakeholders.
Sectors
- Retail
- Corporate Recovery and Restructuring
Geography
- United Kingdom – The companies and the transaction discussed are based in the UK, making this the primary geographical focus of the article.
Industry
- Retail – The article focuses on Julian Charles, a company in the soft furnishings retail sector, which has undergone a pre-pack administration and acquisition to save jobs and business operations.
- Corporate Recovery and Restructuring – The appointment of administrators and the execution of a pre-pack administration deal highlight activities in the corporate recovery and restructuring industry.
Financials
- 230 jobs – The number of jobs saved through the pre-pack administration deal by Great Bedding Co. Ltd.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Julian Charles | Target Company | Company | A soft furnishings retailer with a history dating back to 1947, which faced financial difficulties leading to administration. |
| Great Bedding Co. Ltd | Buyer | Company | The company that acquired Julian Charles through a pre-pack administration deal. |
| Marco Piacquadio and Alan Coleman | Administrators | People | Representatives from FTS Recovery appointed to manage Julian Charles' administration and oversee the pre-pack sale. |
| FTS Recovery | Corporate Restructuring | Company | The firm appointed to handle the administration of Julian Charles and facilitate the sale. |