Pagazzi Lighting, a well-known family furniture chain in the UK, has officially entered administration, resulting in the closure of 11 retail stores and the loss of 70 jobs. The company, which has been in operation for 45 years, faced a sustained period of poor trading, driven by rising costs and a decline in high street spending. George Lafferty of BTG was appointed as the administrator after the firm encountered ongoing cash flow problems. The closures were confirmed on Wednesday following consultations with affected staff. Thomas McKay, managing partner of BTG, highlighted the tough conditions in the retail sector, particularly in Scotland, where increasing competition and high operating costs have created significant challenges. The ongoing cost-of-living crisis and geopolitical factors, such as the Ukraine war, have further impacted the business over the past several months. Despite attempts to restructure and reduce costs, including significant staff layoffs, Pagazzi was unable to recover.