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UK furniture maker Ashley Manor shuts down, ending operations and impacting 100+ workers.
Ashley Manor, a Dudley-based UK furniture manufacturer with over 100 employees, has entered administration after failing to secure a buyer, halting operations immediately.
The company, part of the TCM Living Group alongside Alexander & James Sofas, faced mounting challenges including rising raw material and labor costs, shipping disruptions, and falling demand due to the cost-of-living crisis.
Both businesses ceased trading, with factory closures on September 15.
Opus Restructuring & Insolvency has been appointed administrator, and efforts are underway to support affected staff.
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El fabricante de muebles británico Ashley Manor cierra, poniendo fin a las operaciones e impactando a más de 100 trabajadores.