[lancsdave]

They have actually been saved, but possibly not the Accrington store ?

Diamonds & Pearls has been saved from administration by a mystery consortium. The buyer, which has acquired the retail business under the name Diamonds and Pearls 2009 Ltd, has bought the head office and the 73 remaining stores, and is planning to open a further 30 stores by December.
The sale of the business through administrator KPMG has saved more than 300 jobs. Diamonds and Pearls 2009 Ltd has declined to reveal its corporate identity, but revealed that it is a wholesaler that sells through 200 standalone and concession stores in the UK.
Before entering into administration, Diamonds & Pearls had embarked on an ambitious expansion planned and had dubbed itself “one of the UK’s fastest growing fashion retailers”. The new owners said that now it has offloaded the loss-making stores that were dragging the business down, it will continue to grow the chain.
Diamonds and Pearls 2009 managing director Victoria Taylor said: “We are delighted to have acquired this business, with our expertise and vast range of additional products, it is certainly exciting times for Diamonds and Pearls.”
Diamonds and Pearls 2009 said that it will pay the wages of Diamonds & Pearls staff who were left without pay for the month of February, as exclusively reported in Retail Jeweller’s April issue. Staff had been left in limbo after KPMG said it could not afford to fund pre-appointment wages and were told they would have to wait for a buyer of the business to repay them.
Diamonds & Pearls went into administration on March 2. The retailer originally operated 91 high street stores, with the head office based in Bedford, and employed more than 400 people. The administrators were forced to close 18 loss-making stores, making more than 60 people redundant, to preserve the remaining viable business.