Rock in Administration!
I’ve just heard the shocking news that Rock has hit Rock bottom, as it were.
In a sudden announcement made today, Dominic Wong and David Langton of Deloitte & Touche LLP were appointed as Joint Administrators of Rock Group Plc.
Apparently the failure of Rock is “partly attributed to the cash flow difficulties faced as a result of stock misappropriation by a former employee,” though further details were omitted.
As it stands, the admins are currently negotiating with potential suitors in order to place the outfit in more capable hands, but there is still a possibility that no one will bite.
For more more news about how this affects you if you’ve bought one of their machines go to their news page here.