Dwell, the upmarket furniture chain and web site that began as a catalogue, is expected to appoint administrators at Duff & Phelps as soon as today.
The collapse follows speculation that the chain could be rescued after it appointed Argyll Partners to seek new funds. Around 200 jobs at the 24-store chain are understood to be at risk.
Sources to us the products have increasingly seemed overpriced to consumers as the chain sought to expand from its central London heartland. Last year the firm said it wanted 100 stores but the race for space and the increasingly squeezed consumer proved too much.
It seems it also belatedly remembered its roots - putting internet kiosks int stores last year and appointing a multichannel boss.
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