JOBS at nine Dreams stores across Yorkshire are at risk after the beds retailer went into administration.
Dreams stores at Crown Point retail park at Leeds and at Birstall, Batley, are among 170 which have been saved after being bought out by Sun European, which already owns sofa chain SCS Upholstery.
But another nine Yorkshire-based Dreams stores, which employ 27 people, are among 90 shops across the country at risk.
Joint administrators Ernst and Young are still looking for a buyer for the Yorkshire stores at Guiseley, Wakefield, Pontefract, Dewsbury, Harrogate, Wetherby, Bradford, Halifax and Keighley.
The administrators, who were appointed on Tuesday, say the business will continue to operate as a going concern outside of insolvency.
The new owner will honour customer orders where part payment deposits have been made for goods and customer warranties.
Joint administrator Alan Hudson said: “High street retailers have faced unprecedented conditions over recent years, and the market for higher value discretionary purchases has been particularly tough. Dreams is a well known market leader, but in common with many others has suffered as a result of this depressed retail environment.
“However, we are pleased to announce that a sale has been completed that sees the majority of the Dreams business including 171 of its stores, its head office and its two UK manufacturing facilities being sold to a new company controlled by Sun Capital Partners.
“The business will continue to trade without interruption, over 1,600 jobs have been transferred and the future of Dreams on the UK high street has been safeguarded.
“The remaining stores that are not included in the sale will remain open for business whilst the administrators seek to find buyers for these stores.”
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