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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Nov- 2022 -9 NovemberOnline & Digital
Next snaps up Made.com brand following collapse
Next has acquired the Made.com brand for £3.4m following the furniture retailer’s collapse into administration, which may see the loss of up to 500 jobs. It comes as MDL, Made’s operating subsidiary, appointed Zelf Hussain, Peter David Dickens and Rachael Maria Wilkinson of PwC as administrators of the group. Following…
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7 NovemberHigh Street
Made.com expected to fall into administration this week
Made.com is reportedly expected to enter administration early this week (7 November) after failing to find a buyer. According to reports it is thought that fashion retailer Next is the current frontrunner to acquire the Made brand name, with PwC set to oversee the sale of its intellectual property. The…
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4 NovemberDIY
Bensons for Beds re-opens Eve Sleep’s UK website
Bensons for Beds has re-opened evesleep.co.uk less than three weeks after it bought eve Sleep’s brand and intellectual property. As it revealed in October, Eve Sleep is being retained by Bensons as a standalone brand. Returning in time for the key trading period, it said the website includes its six…
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1 NovemberNews
Made.com nears administration as shares suspended
Made.com has announced its shares have been suspended from trading on the London Stock Exchange this morning (1 November) as the retailer announced its intention to enter into administration after failing to secure a buyer for the group. Its operating subsidiary, Made.com Design Ltd (MDL), has appointed Zelf Hussain, Peter…
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Oct- 2022 -28 OctoberNews
CMA gives Morrisons green light for McColl’s takeover
Morrisons’ takeover of McColl’s is nearing completion after the Competition Markets Authority (CMA) announced it will accept the merger. The takeover deal will see the supermarket acquire 28 stores from McColl’s existing estate, which the watchdog has decided not to investigate further. The CMA said that Morrisons must “act in…
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18 OctoberNews
Bensons for Beds buys Eve Sleep out of administration
Bensons for Beds has purchased the Eve Sleep brand for an undisclosed sum after the business entered administration yesterday (17 October). Under the transaction, Bensons will acquire Eve Sleep’s intellectual property, the evesleep.co.uk website and all creative, content and communication assets. Bensons intends to retain Eve Sleep as a standalone…
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11 OctoberSupermarkets
CMA set to greenlight Morrisons’ McColl’s takeover
The Competition and Markets Authority (CMA) is set to greenlight Morissons’ proposal to acquire McColl’s after accepting proposals for the supermarket giant to sell 28 stores to address competition concerns. It comes as the authority launched an investigation into Morrisons’ proposed £190m purchase of McColl’s-owned stores last July. Following Phase…
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10 OctoberOnline & Digital
Studio Retail audits to be investigated by watchdog
The Financial Reporting Council (FRC) has revealed it has commenced an investigation in relation to the audit conducted by Mazars LLP of the financial statements of Studio Retail Group plc for the period ended 26 March 2021. The decision was made at a meeting of the FRC’s Conduct Committee on…
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Sep- 2022 -14 SeptemberAnalysis
Is the rise in distressed M&As set to continue?
The number of merger and acquisition (M&A) deals targeting UK retailers has increased in the last year, up from 28 transactions to 34 in the last 12 months, as deals in the sector “buck the overall slowdown in M&A”, according to RPC, the international law firm. However, the UK has…
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6 SeptemberShopping Centres
Bon Accord owners placed in administration
The Guernsey-based owners and operators of the Bon Accord shopping centre in Aberdeen, Aberdeen Retail 1 Limited and Aberdeen Retail 2 Limited, have reportedly been placed in administration. It is reported that the administration has been caused by “unsustainable” cash flow problems stemming from the on-going impact of the Covid-19…
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