Administration
This coverage explores retail administrations and insolvencies within the UK market, examining the circumstances, decisions, and consequences for businesses, employees, and creditors. Reporting highlights notable cases, restructuring efforts, store closures, and leadership actions aimed at recovery or winding down. Designed for executives and managers, it offers insights into risk, resilience, and lessons from commercial failures.
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Apr- 2023 -17 AprilNews
M&Co to close 43 shops by end of April
Scottish chain store M&Co has confirmed the closure of 43 of its sites by the end of the month. The move comes after M&Co announced that the company will close all its 170 shops after going into administration a few months ago. It has since been bought by AK Retail…
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17 AprilClothing & Shoes
Just Hype rescued in pre-pack administration deal
Streetwear brand Just Hype has been rescued from collapse following a pre-pack administration deal, according to Drapers. Drapers reported that investor Sarjan Dulai has acquired the business for an undisclosed sum in a move that has saved 82 jobs. The Leicester brand had reportedly faced collapse amid falling sales and…
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13 AprilEconomy
UK economy flatlines in Feb
Real gross domestic product (GDP) is estimated to have shown no growth in February 2023, where falls in services and production were offset by growth in construction, according to the latest figures from the Office for National Statistics (ONS). The services sector fell by 0.1% in February 2023, after growing…
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10 AprilHigh Street
Wilko collapses into administration, 12,000 jobs at risk
High street homeware retailer Wilko has collapsed into administration, putting around 12,000 jobs at risk. In an open letter confirming the news, CEO Mark Jackson said the business had left “no stone unturned” in an attempt to keep the business afloat but has conceded it has “no choice but to…
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5 AprilFeatures
Falling into administration – should you be worried?
Since the beginning of a new decade, we have heard of many high-profile retailers such as Made, Missguided, Joules, Paperchase, M&Co and Kath Kidston fall into administration to varying degrees of success. This is no coincidence; during 2022, administrations were actually 55% higher than the previous year, according to government…
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Mar- 2023 -31 MarchSupermarkets
Planet Organic puts administrators on notice
Grocery chain Planet Organic has reportedly put administrators on standby as it attempts to find a backers to secure its future, according to Sky News. The company filed a notice of intention to appoint administrators on Thursday, to provide it with breathing space from creditors. According to City sources the…
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29 MarchClothing & Shoes
Next acquires Cath Kidston for £8.5m with job losses expected
Next has agreed to acquire the brand name, domain names and intellectual property of Cath Kidston for £8.5m, with job cuts expected as the group is wound down and its remaining stores close. The group said the cathkidston.com domain will be licenced back to the administrators for a period of…
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28 MarchClothing & Shoes
Next eyes Cath Kidston acquisition
Next is reportedly in advanced talks to rescue the Cath Kidston brand, in a move that would further expand its portfolio following the acquisitions of Joules and Made last year. According to Sky News, a deal could be closed as early as today (28 March), though some sources told Sky…
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27 MarchClothing & Shoes
In The Style shareholders’ narrowly approve £1.2m deal
In The Style’s shareholders have narrowly approved a sale to a private equity firm in a bid to avoid administration. Just under 60% of In The Style shareholders’ agreed to the £1.2m deal to save the fashion brand, at a general meeting on 24 March 2023. Over 41% of shareholders…
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21 MarchDIY
Screwfix acquires assets of Connect Distribution Services Limited
Screwfix, the omnichannel trade retailer and part of Kingfisher plc, has announced it has acquired the stock, intellectual property, contracts and fixed assets of Connect Distribution Services out of administration, for a cash consideration of £3m. Connect Distribution Services Limited is a retailer of appliance spares, accessories and consumables to…
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