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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Jan- 2023 -31 JanuarySupermarkets
Tesco in talks to acquire paperchase out of administration
Tesco is reportedly close to acquiring stationery retailer Paperchase out of administration. According to Sky News, Tesco is in advanced talks to acquire the name and intellectual property of the embattled retailer in a deal that could be agreed as early as Today (31 January). Sky News cited that sources…
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25 JanuaryClothing & Shoes
Arcadia pension deal nears completion
Trustees of the Arcadia Group pension scheme may be close to securing a funding deal backed by one of the UK”s biggest insurers, Aviva, Sky News has reported. A binding deal would guarantee their incomes following the collapse of the group, which owned brands such as Topshop and Dorothy Perkins…
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11 JanuaryHigh Street
ScS acquires Snugsofa.com out of administration
ScS has announced it has acquired the brand, domain names, website, intellectual property and stock of Snugsofa.com from the administrators of Snug Shack Limited for consideration of £875,000. Snug is a digital-first sofa and sofa-bed business specialising in modular and reconfigurable sofas. Snug was founded by Robert and Peter Bridgman…
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9 JanuaryHigh Street
Timpson rescues In-Time out of administration
Timpson has announced the acquisition of watch and jewellery repairer In-Time, which had collapsed in the days running up to Christmas. As part of the deal, the Manchester-based company has acquired 35 shops and taken on 110 new employees from In-Time. The value of the deal has yet to be…
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Dec- 2022 -22 DecemberHigh Street
Made.com board proposes vote on liquidation
The board of Made.com has formally proposed the winding up of the business through a voluntary liquidation process. In a statement to the London Stock Exchange (LSE), Made said this will enable liquidators appointed by the company to realise the company’s remaining assets pending completion of the administration of MDL…
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20 DecemberSupermarkets
Morrisons to close 132 McColl’s stores
Morrisons has announced plans to close 132 McColl’s stores over the year as these stores have “no realistic prospect” of achieving a breakeven position in the medium term, putting around 1,300 McColl’s colleagues at risk of redundancy. Every affected colleague will be offered alternative employment at a nearby McColl’s store,…
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20 DecemberClothing & Shoes
Is Back to School behind ShoeZones’ newly-found popularity?
ShoeZone has recently come out with the news that its revenue increased by 31.2% to £156.2m from £119.1m last year, spelling a return to profitability that may indicate how much consumer spending habits have swung towards savvy penny-pinching in ‘Back to School’ season. A survey by Toluna from 5 September…
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15 DecemberPeople Moves
M&S appoints former Boohoo Group MD as head of menswear
Marks and Spencer has appointed the former managing director of Boohoo Group, Mitch Hughes, as director of menswear, Drapers has reported. Hughes replaces Wes Taylor, who steps down from his role at M&S this month after almost five years as director of menswear and kidswear. Hughes stepped down from Boohoo…
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12 DecemberClothing & Shoes
M&Co appoints administrators
M&Co has fallen into administration after struggling with rising input costs as well as lower consumer confidence in recent months. Adele MacLeod, Gavin George Scott Park and Robert James Harding of Teneo Financial Advisory Limited were appointed joint administrators on 9 December, a statement on the retailer’s website confirmed. According…
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5 DecemberClothing & Shoes
Jaeger MD to depart
M&S-owned fashion company Jaeger has announced that its managing director Fiona Lambert is departing the business after almost two years at the brand. The news comes as Lambert oversaw Jaeger’s relaunch and come-back after it was bought out of administration by M&S at the beginning of 2021. Prior to joining…
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