Watch distributor Nuval Limited has gone into administration.
The company which handles Arnold & Son, Ball, Metal.ch, Fendi, Phillip Stein, Salvatore Ferragamo, Versace Watches, Versus Versace and recently signed MeisterSinger in the UK went into administration on Friday.
The news was confirmed by Nuval’s Commercial Director Richard Darling, at the company’s Birmingham head office and administrators at Mercer & Hole’s Milton Keynes office, who have yet to release any information on the situation, have been appointed to Nuval Limited.
Nuval was founded in 2008 by former Goldsmiths chairman Jurek Piasecki with Neil Duckworth as managing director. Duckworth left in 2011 with Chris Bedworth taking over management of the business as chief operating officer.