Print Week report on the sale of POP specialist Kesslers to GB Sign Solutions by the administrators following the firm’s collapse last year

In the trade journal Print Week Richard Stuart-Turner has reported on the sale of one the industry’s longest established graphic’s outfits.

He reported that retail display specialist Kesslers has been sold by the administrators to GB Sign Solutions who are part of the PFI Group.

Stuart-Turner noted that Kesslers began trading in 1888 in an age that saw retail promotions grow as consumer goods were being mass produced and the Empire was bringing in vast amounts of products for the growing middle classes.

He reported: “The Stratford, East London-based business, part of the Hexcite Group, went into administration last month due to the impact of the coronavirus pandemic on the retail sector and cost inflation. Michael Lennon and Philip Dakin, both of Kroll, were appointed as its joint administrators and last night (13 January) the pair completed a sale of the business and assets as a going concern to GB Sign Solutions.”

The collapse last year of the company was one of a number of businesses that have failed to survive the downturn created by the pandemic. Print Week also reported that there was an issue over how staff were treated during the administration as they had heard from two law firms on claims that staff affected by the process of administration had begun legal action over the redundancy process.

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