The former boss of collapsed retail empire Watt Brothers is back in business just weeks after the last of his stores closed its doors.
Willie Watt was the former managing director of the 104-year-old family-owned business that went bust with the loss of more than 300 jobs in its 11 shops last October.
While 10 outlets closed as soon as administrators KPMG were appointed, Watt Brothers’ iconic flagship store in Glasgow’s Sauchiehall Street remained open to clear stock, finally closing on December 15.
Now it has been revealed that 52-year-old Willie Watt has already started up a new company with his 51-year-old wife, Sandra.
The couple, who live in Giffnock, East Renfrewshire, are named as the only directors in The Perfume Counter Limited.
While Mr Watt had been Watt Brothers’ managing director and buyer, his wife Sandra was named as company secretary.
A former Watt Brothers worker said: “He’s passionate about retail and isn’t the type to sit at home twiddling his thumbs.”
Attempts were made to contact Mr Watt about his new venture but calls were not returned.
KPMG did not respond to questions about the indebtedness of Watt Brothers at the time of its collapse.
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