Third administration for Life & Style owner

Fashion and homewares chain Life & Style has entered administration.

The retailer’s banks have appointed RSM Tenon after filing a notice to appoint administrators last week at Manchester High Court.Private equity firm SKG Capital is said to be interested in running the 150-store business as a going concern, according to a report by Retail Week.Life & Style is the third company set up by owner Elaine McPherson to enter administration, after her fashion business Ethel Austin and sister

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