UK distributor of MBT footwear goes into administration

Masai GB Ltd, the UK distributor of MBT footwear, has gone into administration following the filing for bankruptcy in Switzerland of the group’s parent company, Masai Marketing & Trading on May 7.

The £8 million turnover company has 10 stores and a number of concessions throughout the UK.

Chris Laughton and Peter Godfrey-Evans of Mercer & Hole have been appointed as joint administrators.

“Our present intention is that the company’s retail stores will continue to operate,” says Laughton.

“The appointment of Mercer & Hole as administrators coincides with the start of MBT’s four-week summer sale promotion.

“This should improve the prospects for the business and will help us do the best we can for creditors.”

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