October 18, 2019 / 11:48 AM / a month ago

Jewellery maker Links Of London's administration leads to 38 job losses

Oct 18 (Reuters) - UK-based jeweller Links of London’s fall into administration has led to loss of 38 jobs at its head office in London, administrator Deloitte said on Friday, adding that there have been no job losses in any stores.

“Whilst we continue to talk to interested parties about a sale of the business, the ongoing cash-flow pressures mean the current cost base is not sustainable,” joint administrator Matt Smith said.

The company, owned by Greek Folli Follie, appointed administrators earlier this month and said on its website it was unable to process any online sales, but directed people to its stores. (Reporting by Tanishaa Nadkar in Bengaluru; Editing by Aditya Soni )

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