Retail jeweller Clive Ranger has confirmed that it has gone into administration, as reported by WatchPro last week, after suffering a "downturn in trading" due to tough economic times.
A statement from business advisory firm Deloitte said that Richard Hawes, a partner in its restructuring services team, has been appointed as administrator to Clive Ranger.
Hawes said: “Clive Ranger Limited is a well-known brand throughout the Southwest and South Wales, but has faced a downturn in trading as a result of the current difficult economic trading conditions. The four stores will continue to trade as usual whilst we seek a buyer for the business.”
Clive Ranger has stores in Bristol, Bath, Cardiff and Swansea, and employs 34 staff.