Habitat stores enter administration as part of sale

All but three UK Habitat stores are being put into administration in a deal to sell the indebted furniture chain.

Home Retail Group, owner of Argos and Homebase, will buy the Habitat brand and three central London stores for £24.5m in cash.

Habitat has appointed administrators for its other 30 outlets, which will continue trading for now.

Razia Iqbal reports.