Oak Furnitureland has revealed that it will be closing 27 of its 105 stores - putting 163 jobs at risk. On June 15, the brand was acquired by global investment manager Davidson Kempner Capital Management following a sales process by Deloitte.28 Jul 2020
What is happening to Oak Furniture Land?
Oak Furnitureland rescued in administration deal, saving more than 1,400 jobs. The UK's largest retailer of oak furniture has been saved from the brink of collapse after being bought up in a pre-pack administration deal. Oak Furnitureland was sold for an undisclosed sum to hedge fund Davidson Kempner, saving 1,491 jobs 17 Jun 2020
Is Oak Furniture Land in administration?
In June 2020, Davidson Kempner Capital Management bought Oak Furnitureland out of administration.
Which Oak Furniture Land stores are closing?
The showrooms earmarked for closure are the following: Basingstoke, Brent Cross, Burnley, Derry, Durham, Enfield, Guildford, Huddersfield, Leeds Crown Point, Macclesfield, Merry Hill, New Malden, Portsmouth, Romford, Rotherham, Rugby, Slough, Southend on Sea, Stafford, Sutton in Ashfield, Wallasey, Weston Super Mare, 27 Jul 2020
Is Oak Furniture Land made of oak?
All our cabinetry is made from solid hardwood, and we go to great lengths to make sure this wood is legally and responsibly sourced.
Where are Oak Furniture Land products made?
We source the majority of our furniture directly from manufacturers based in the UK, China, Vietnam and India, these are our Tier 1 suppliers.
Is Oak Furniture Land veneer?
Oak Furniture Land gives a 'No veneer in "ere"' pledge that all its cabinets are made from 100 per cent solid hardwood. And its website vowed: 'All of our cabinet furniture is made from 100 per cent solid hardwood from top to toe; veneer, plywood and chipboard are never used.18 Oct 2016
Is oak High Quality?
It has a few potential drawbacks, but, overall, oak is a very good choice for furniture. Oak is strong, durable and resists everyday wear and tear while offering natural beauty that fits into almost any home style. Its timeless design means you can keep your oak furniture pieces in your décor as long as you want them.16 Jun 2017