KPMG Partners appointed Joint and Several Receivers for Page One The Designer’s Bookshop (H.K.) Ltd.
KPMG Partners Edward Middleton and Patrick Cowley have been appointed as Joint and Several Receivers for Page One The Designer’s Bookshop (H.K.) Ltd, as of 16 November 2016.
Edward Middleton, Partner, Head of Restructuring, KPMG China, says of the appointment: “The receivers are still in information gathering mode and we are working hard with the company’s management and staff to assess the current status of the business. We are unable to say at this point what the outcome will be, however the business in Hong Kong has been experiencing strained trading conditions for some time.”