LEACH RHODES WALKER TO BUY ITSELF OUT AFTER PARENT COMPANY GOES INTO ADMINSTRATION

摘要

Salford-based Leach Rhodes Walker (LRW) is to buy itself out from its parent company the Erinaceous Group which went into administration this week. A deal is expected 'within days' to rescue the architectural arm of Erinaceous, which collapsed on Monday (14 April) with debts of more than ￡200 million. Rumours that the practice was either going to be sold off or be subject to a management buyout (MBO) have been circulating for months (AJ online 01.10.07) and re-emerged recently when the firm took down its Erinaceous sign from the front of its offices.