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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May- 2023 -12 MaySupermarkets
Planet Organic owed creditors £12.5m before rescue deal
Planet Organic owed creditors more than £12.5m when it fell into administration last month, The Grocer has reported. According to The Grocer, a report from administrator Interpath Advisory revealed that more than 400 unsecured creditors will not be repaid the majority of the £8.4m owed as a result of the…
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9 MayClothing & Shoes
Regulator to investigate Joules auditor Deloitte
The Financial Reporting Council (FRC) has launched an investigation in relation to Deloitte’s audit of clothing retailer Joules. The investigation will examine Deloitte’s audit of the group’s consolidated financial statements for the year ended 30 May 2021. The retailer fell into administration last year, appointing administrators from Interpath Advisory to…
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3 MayAnalysis
Will retailers of organic produce make a comeback?
Whole Foods, which was acquired by Amazon in August 2017, started off the year with a cut-and-dried plan to invest profits strategically. In what CEO Jason Buechel called “a 10-year vision for leading the company into the future”, the organic produce retailer aims to set records for new store growth,…
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Apr- 2023 -28 AprilOnline & Digital
BrandAlley UK acquires Internet Fusion Group
Online retailer of off-price luxury brands, BrandAlley UK, has announced its acquisition of certain assets belonging to Internet Fusion Group, a multi-platform e-commerce business that includes Country Attire and Surfdome as part of its expansion plans. The move marks a significant strategic opportunity to enhance BrandAlley’s infrastructure and will render…
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25 AprilSupermarkets
Planet Organic founders acquire grocer out of administration
Bioren Limited, whose shareholders include the founders of Planet Organic, Renée and Brian Elliott, has beaten out competition from Sainsbury’s to acquire the majority parts of the business and its assets. The deal will see 10 Planet Organic stores continue to trade in locations throughout London, safeguarding 194 jobs in-store…
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24 AprilEconomy
Retail profit warnings fall to lowest level since 2020
UK-listed retailers issued five profit warnings in Q1 2023, marking a decrease from the nine issued in both Q4 2022 and Q1 2022, according to the latest data from EY. Despite representing the sector’s lowest quarterly total since Q4 2020, it said “persistent inflation, high interest rates and tightening consumer…
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21 AprilClothing & Shoes
H&M creates new youth destination with Weekday and Monki merger
H&M has announced plans to create a new youth destination by merging two of its portfolio brands, Weekday and Monki. According to H&M, the merger is aimed towards creating an “exciting, broadened experience, adapted to the young customers’ needs and preferences”. Additionally, it will also bring back its denim label…
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20 AprilClothing & Shoes
David’s Bridal enters administration
David’s Bridal UK has entered administration after its US owner filed for bankruptcy. David’s Bridal UK Ltd is a subsidiary of the “long-established” David’s Bridal LLC which is headquartered in Pennsylvania, United States of America. The US arm filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy…
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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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