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28-12-2008
Childrenswear retailer Adams has taken the first step toward filing for administration.
The company filed court papers last week notifying of its intention to appoint administrators, although it is not officially in administration yet.
Adams said it plans to appoint PricewaterhouseCoopers as administrators.
Several high street retailers have collapsed in recent months amid tight credit conditions and a sharp fall in consumer confidence.
Woolworths, MFI, Whittards and Zavvi have all been high-profile casualties of the tough economic climate.
Adams, currently in its 75th year of trading, has 260 outlets in its UK chain and 166 internationally, employing about 2,000 people.
In addition to operating its own stores, Adams also makes clothes for health and beauty retailer Boots.
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