A crowdfunding campaign to save Bennetts, dubbed the world’s oldest department store, from collapse has been temporarily suspended. Last month, fashion company Young Ideas launched an online fundraising campaign on GoFundMe that features a detailed plan to save the historic retailer – which trades through two branches in Derby and Ashbourne.
Crowdfunding campaign to save “world’s oldest department store” launched
“Oldest department store in the world” Bennetts enters administration
When Retail Gazette last checked the page late last week, just over £10,500 had been raised in the space of 10 days since it was launched.
This is only a fraction of the £450,000 goal that Young Ideas – which has a concession with Bennetts – needed to achieve in order to save the 285-year old business. Before the campaign was suspended, Young Ideas had detailed a turnaround plan for Bennetts and said it was prepared to invest in the department store with the support of local stakeholders.
