A failed Australian furniture retailer has been saved at the last minute in a white knight rescue that will see customer orders honoured.
Last month, news.com.au reported that Fenton & Fenton, a melbourne-based homewares boutique, had entered into liquidation.
News of its collapse sparked concern from customers who were worried they wouldn’t receive the furniture they had already paid thousands of dollars for.
But on Friday morning, another major furniture seller has announced that they are taking over the business.
The owner of another Melbourne-based homewares brand, Berkowitz Furniture, Peter Berkowitz, said that his family group will acquire Fenton & Fenton.
The business will continue to operate, with Berkowitz Furniture acting as the parent company.
The Berkowitz family said they were “committed to supporting current Fenton & Fenton customers” and that they would do so by fulfilling orders “where possible” and honouring gift cards “with some conditions”.
“I’m shocked! Awaiting my order … not sure I’ll see it now,” one customer posted on social media when Fenton & Fenton first went into liquidation, while another asked “Just wondering if you will be honouring outstanding credit notes now that…