Tile Giant in trouble

[Canski]

https://www.thebusinessdesk.com/yorkshire/news/2105211-more-than-40-jobs-lost-as-13-tile-giant-stores-close

[ProDave]

Only bought the business in 2023.

 

Lack of due diligence,  Or deliberate asset stripping exercise? 

[Nick Thomas]

> Immediately following their appointment, the joint administrators sold the business and assets of the company to two parties, as part of an interconnected transaction:

 

Does sound like a stitch-up.