Matthew Ingram and James Saunders of Kroll Advisory has been appointed as the joint administrators of Eve Sleep as the business failed to find a buyer for the struggling business. The company’s AIM shares have been suspended and it is not expected that there will be any funds achieved for shareholders.
CEO of Eve Sleep Cheryl Calverley said: “Despite monumental efforts to restructure the business and reshape the cost base, the scale of Eve was simply insufficient to withstand the economic tsunami that has gathered momentum over the past six months, and allow it to continue as an independent business.”
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