Henderson the Jewellers on Kirkcaldy High Street has closed its doors for the final time as the company heads into liquidation.
The business which had been trading since 1886, had been sold to Ketling Limited from its parent company MM Henderson last September.
Ketling had acquired the bulk of Henderson’s in a low seven-figure deal before majority shareholder Alastair Henderson called in administrators to MM Henderson in November. Ketling then assumed trading under the Henderson the Jewellers brand name.
But now Brian Milne, partner in the business recovery and insolvency division of mid-tier accountancy firm French Duncan, has been appointed as provisional liquidator, with the loss of 79 staff, including five from the Kirkcaldy branch - one of 14 across Scotland to close.
Mr Milne said: “Following my appointment, I plan to initiate a thorough assessment of the circumstances leading up to the liquidation, though it would seem that Henderson has fallen victim to the challenging trading conditions that the economic downturn has imposed on many retailers over recent years.
“It is particularly regrettable, given Henderson’s long history, that it has fallen into liquidation.”