UK's Floors-2-Go Closes 53 Stores, Others Sold

Birmingham, England, Aug. 25, 2011 -- Following the appointment of administrators, 53 Floors-2-Go stores have been closed.

However, the administrator has secured a sale for 35 stores, which will allow them to stay open.

The purchaser, Nixon & Hope was formed just this month by former Floors-2-Go directors Parjinder Sangha and David Vizor.

The acquisition is believed to have been funded by the Hodges family, who founded Floors-2-Go in 1999, expanding from a single site to more than 100 retail outlets by 2004.