It means that all 163 stores in the high street chain will be wound down with closing down sales over the coming weeks, marking a sorry end to the 88-year-old business.
Something I read earlier indicated they never intended to sell - shame, as Phil Tufnell's brother Greg was looking like a knight in shining armour at one stage.
Don't ask me what I think of you, I might not give the answer that you want me to.