R.H. Smith & Sons Limited, which trades as Smiffy’s, appointed Jane Steer and Sarah O'Toole of PwC as joint administrators after its finances were “significantly impacted” following the Covid-19 pandemic. It comes after the company filed a notice of intention to appoint administrators earlier this month. In a new statement, PwC confirmed the joint administrators had “completed a sale of the business and assets” of the firm to Ad Populum LLC.
Jane Steer, joint administrator and partner, PwC, said: “Smiffy’s is a popular brand that has been operating in one form or another since 1894, but sadly, like many other retailers, it was impacted by the after effects of the pandemic. “The buyers, Ad Populum, will add Smiffy’s to their comprehensive range of brands which includes extensive experience of the fancy dress and toy markets.” Smiffy’s is headquartered in Leeds and also has stores in Liverpool, Newcastle and Oxford.