George Lafferty of BTG (formerly Begbies Traynor) was appointed as administrator of Pagazzi Lighting Services and Pagazzi Lighting Concessions Ltd, after it experienced “ongoing cash flow issues after a period of sustained poor trading”. Read More:After efforts to secure a buyer for the business and its assets, Pagazzi Lighting (Web) Limited, the online retail division of Pagazzi lighting, has acquired the business and assets and will operate from a handful of key retail outlets in Scotland. "Reduced margins, slower consumer spending and rising operating costs are creating challenges for many high street retailers, and unfortunately these are the main factors that saw the Pagazzi stores and concessions no longer able to trade. "The 11 affected stores closed on February 25, after BTG consulted with staff about the anticipated closure. "Sadly, there have been 70 redundancies arising from the unavoidable closure of the retail outlets that were no longer able to trade.

Source: The Herald February 28, 2026 13:56 UTC