120 jobs lost as Acorn Pets in administration again
Joint administrators David Menzies and Pamela Coyne of Begbies Traynor said the move followed a "sustained period of poor trading".
As a result, 16 of the Scottish firm's 22 stores have been closed with the loss of 122 full- and part-time posts. A rescue deal for the remaining branches and 41 jobs has been launched.
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Hide AdThe business was bought by management from the previous administrator, Tenon, in September 2009, but has since struggled.
Menzies said: "We were unable to save the stores that were losing money (and are] seeking a buyer for the scaled-down business."