Historic department store in Porthmadog to be reopened
Kerfoots, the historic department store in Porthmadog, ceased trading earlier this year but now looks set to be given a new lease of life.
Portmeirion Shops secured the troubled Kerfoots site at the recent Pugh property auction, and have announced they plan to re-open the much-loved store.
Liquidators were called into the business in August, shortly before the shop closed its doors, despite trading for over 140 years.
Plans by the group are to reopen the site next year.
Robin Llywelyn, Managing Director at Portmeirion said: “The directors of Portmeirion Shops Ltd today confirmed that the company had bought Kerfoots, Stryd Fawr, Porthmadog. The shop will be opened in spring 2019 as a ground floor retail unit and first floor cafe.”
He added that “New job opportunities will be created as a result of this development”.
The store sold at the Pugh Auction held at the AJ Bell stadium for £325,000.
Paul Thompson, Managing Director at Pugh Auctions said: “This store has been at the heart of the community here since 1874, so it gives great satisfaction to know it will be reopened and be given a new lease of life, bringing with it a series of new job opportunities.”
Established 26 years ago, Pugh is the largest auctioneer outside of London and was acquired by property consultant Eddisons in 2016. The firm’s next property auctions will take place at Leeds United’s Elland Road football ground in Leeds on 4 December and at the AJ Bell Stadium in Manchester on 6 December.
For more information on our property auctions or to see the current available auction lots, please go to www.pugh-auctions.com
Written by: Paul Thompson on Friday 02/11/2018