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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Dec- 2022 -2 DecemberAdvice
Tips for making a success of festive trading in a cost-of-living crisis
The most important trading season of the year has arrived, and in an intensely competitive market, retailers can’t afford to fail. With mounting costs eroding margins, and a cost-of-living crisis dissuading customers from indulging too heavily this season, retailers know they have to work harder and smarter to turn a…
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2 DecemberAnalysis
A ‘fall from grace’: what went wrong with Made.com
Made.com was once a force to be reckoned with in the retail landscape. Having launched 12 years ago, the group had since enjoyed a rise to dizzying new heights. The company used sleek marketing to tap into its millennial customer base, and became one of the most popular destinations for…
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2 DecemberHigh Street
Next partners with Tom Joule to acquire Joules
Joules has confirmed that its founder Tom Joule has partnered with Next Plc to acquire the majority of assets of Joules via a newly formed company out of administration for a total cash consideration of £34m. In addition, Next has acquired the current Joules Head Office for £7m cash. Next…
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1 DecemberHigh Street
Foschini eyes Joules rescue deal
The Foschini Group is reportedly close to agreeing a deal to acquire the majority of collapsed retailer Joules’ stores and assets, according to Sky News. If the deal goes ahead, it is likely to see roughly a quarter of Joules’ 132 shops closed, with the loss of “several hundred” jobs.…
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Nov- 2022 -24 NovemberDepartment Stores
Mothercare appoints new CEO as profit and sales stall
Babywear retailer Mothercare has announced the appointment of Daniel Le Vesconte as group CEO as it revealed a period of tough trading for the half year up to September 2022. Le Vesconte will start his new role in the new year and brings with him a wealth of experience. He…
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24 NovemberOnline & Digital
Made.com to repay 2% of £187m owed at time of collapse
Made.com collapsed into administration owing a total of £186.6m to unsecured creditors and is set to repay less than 2% of this, according to new documents from its administrators. In its latest filings with Companies House, PwC said it only expects to pay out 1.6p in the pound to creditors…
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23 NovemberHigh Street
Joules makes senior director redundancies following administration
Joules has reportedly made a series of redundancies across its senior positions, a week after the announcement that the group had fallen into administration. According to Retail Week, the retailer‘s channels director Rimal Patel and brand and creative director Chloe Ward have both left the business, while CFO officer Caroline…
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22 NovemberClothing & Shoes
Crew clothing eyes Joules takeover
Crew Clothing’s owner and majority shareholder is reportedly considering acquiring embattled retailer Joules out of administration, according to Drapers. The outlet has revealed that the Brigadier Acquisition Company, which is owned by Menoshi Shina, is in talks with administrators Interpath Advisory about a potential rescue deal that could see a…
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17 NovemberClothing & Shoes
Joules collapses into administration
Joules has officially appointed administrators and is set to be wound up after talks with potential investors collapsed, with up to 1,600 jobs at risk. Will Wright, Ryan Grant and Chris Pole from Interpath Advisory have been appointed joint administrators of Joules Group plc and Joules Limited. At the same…
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14 NovemberClothing & Shoes
Joules to fall into administration, 1,600 jobs at risk
Joules is set to appoint administrators after talks with potential investors collapsed, with up to 1,600 jobs now at risk. Earlier this month, the company announced it was in advanced discussions with a number of strategic investors regarding financing options for the group. It spoke with a number of strategic…
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