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Last Updated: Wednesday, 16 May 2007, 12:56 GMT 13:56 UK
Buyer found for department store
Lewis's department store
The store in Liverpool is continuing to trade
A prospective buyer has been found for an iconic department store that was under threat of closure.

Lewis's in Liverpool has been trading as a going concern since February after owners called in the receivers because of cash flow problems.

It was due to close its doors today but the administrators, Kroll, have said that Vergo Retail Limited is interested in buying the business.

The store will remain open as contract negotiations continue.

Firm partners Philip Duffy and David Whitehouse have been overseeing the sale, as well as the company's other stores - Robbs of Hexham and Jopling's of Sunderland.

Philip Duffy said: "There is no absolute guarantee that the proposed sale will take place.

"However, we remain hopeful of completing the sale of the business as a going concern in the near future."


SEE ALSO
Deadline set to save famous store
02 May 07 |  Merseyside
Lewis's bosses call in receivers
28 Feb 07 |  Merseyside

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