Eve Sleep plc – administration

Eve Sleep plc (recently renamed as ESR 2002 plc), an AIM-listed direct-to-consumer sleep wellness brand which operates in the UK, Ireland and France, entered administration last week. The company previously announced a formal sales process in June after talks with a US investor fell through and the company received a number of indicative offers, but was unable to secure a deal. Although the company is a well-established brand with huge visibility across the UK, it is said to have faced a challenging market backdrop over the past year. Matthew Ingram and James Saunders of Kroll were appointed as Joint Administrators, and have secured a pre-pack sale for the company to Bensons for Beds.