A brace of Midlands companies have ceased trading and their factories closed.
Furniture manufacturer Ashley Manor, which employed around 100 staff at its base in Dudley, and Nottinghamshire importer Alexander & James Sofas filed a notice of intention to appoint administrators at the end of August after which a search was launched to secure a new buyer.
The pair, both owned by TCM Living Group, have now entered administration through liquidation after the search proved unsuccessful.
Administrators from Opus Restructuring & Insolvency said all the parties which had initially expressed an interest withdrew, citing ongoing economic volatility and persistent industry headwinds as prohibitive factors.
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Opus said the companies had suffered under sustained pressure across the 海角视频 furniture manufacturing and import sectors, driven by inflationary increases in raw material costs, international shipping disruptions, price volatility, higher labour and reduced consumer demand for big-ticket items.
Andy Kennaugh, chief executive of TCM Living Group, said: "This has been an extremely difficult decision and one we deeply regret having to make.
"Despite our intensive efforts over recent weeks and the support we've received, we have exhausted all viable options for securing new ownership that would preserve these businesses.
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"Both Ashley Manor and Alexander & James have been well-respected brands in the 海角视频 furniture industry and we are committed to handling this process with dignity whilst ensuring all stakeholders receive the support they need."
Colin Wilson, managing partner at Opus, added: "The current economic climate is particularly challenging for all businesses in the furniture market.
"The cost-of-living pressures have had a direct impact on recent sales volumes, due to the tight squeeze on discretionary spending for all consumers.
"It is unfortunate that a buyer could not be secured in this instance and we now enter the process of realising the company's assets for the benefit of creditors."
TCM Corporation plc, which is the parent company of TCM Living Group, acquired Ashley Manor and Alexander & James as part of its strategic expansion in the 海角视频 furniture sector.
Essex-based Alstons Upholstery, which operates as a separate business within the TCM Living Group portfolio, is not included in this administration process and continues to trade as normal.