Two hundred jobs are under threat after family firm Collectables goes into administration*. *
Trading at the 27-year-old business has been hit by challenging economic conditions. The company, which started from a barrow in the Metro Centre in Gateshead, has 11 gift stores and sells furniture from three units in Stockton.
Staff were told the news last night and all the stores are closed today, September 26. Administrators, KPMG, say there have been no redundancies so far but the situation is uncertain.
More top news
In a letter from his top-security prison, serial killer Peter Sutcliffe denies attacking men before murdering women
The former England cricketer reportedly suggested he would have a better chance of being knighted if he "blacked up".
Negotiations are now at an advanced stage for a long-term lease between the City Council and HM Courts and Tribunals Service.