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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Jul- 2021 -21 JulyEntertainment
HMV to open 10 high street sites
HMV, the music and entertainment retailer, reportedly intends to launch 10 new shops across the UK this year. According to the BBC, the plans include the opening of a new London flagship site, following the closure of its former Oxford Street flagship as the group collapsed into administration over two…
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14 JulyHigh Street
Administrators appointed to wind up Arcadia Group
Mazars has been appointed as liquidators of Philip Green’s collapsed retail empire Arcadia Group -with the group looking to “repay key creditors”, including HMRC. Arcadia, which operated numerous high-street brands across the UK and globally, including Topshop, Burton and Dorothy Perkins, fell into administration towards the end of last year,…
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2 JulyClothing & Shoes
Ralph and Russo bought out of administration
Ralph and Russo has been bought out of administration by Retail Ecommerce Ventures (REV), who made an undisclosed bid amount to acquire the business and assets of the UK-based luxury brand. Paul Appleton of Begbies Traynor Group and Andrew Andronikou of Quantuma Advisory, who were acting as joint administrators, conducted…
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1 JulyGovernment
Business committee chair questions CMA investigative takeover powers
The chair of the Business, Energy and Industrial Strategy Committee, Darren Jones, has written to the Competition and Markets Authority (CMA) in relation to their powers to investigate takeovers. It follows the recent purchase of Asda using “significant amounts” of debt and the increased interest from private equity companies in…
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May- 2021 -26 MayClothing & Shoes
Ralph and Russo takeover on the rocks
The sale of womenswear brand Ralph and Russo is reportedly in doubt as businesses are unable to commit due to the impacts of Covid-19 on the sector. The company fell into administration in March following the resignation of Tamara Ralph, co-founder and creative director, after a “dispute” with fellow co-founder…
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17 MayDepartment Stores
Debenhams’ remaining stores close for final time
Debenhams shuttered its last remaining stores over the weekend, ending its 243-year stint on the UK high street. According to Sky News, the retailer closed its remaining 28 stores on Saturday 15 May as it completed its transition as an online only retailer as part of the Boohoo Group. It…
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10 MayHigh Street
JTF Central eyes 50-shop UK portfolio
Discount retail chain JTF Central is set to open 50 high street sites across the UK, following its upcoming debut launch in Hull. The new venture, which will operate as an extension to JTF Mega Discount Warehouse, is set to create 2,000 jobs. The wider group currently trades with a…
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10 MayHigh Street
Ikea eyes Topshop’s former Oxford Street flagship
Ikea has reportedly held advanced talks to take over the former Topshop flagship store Oxford Street as part of a strategy to expand into city centres, This is Money has reported. According to reports, the furniture giant previously considered moving into other buildings on Oxford Street, including the former BHS,…
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4 MayProperty
Topshop starts £420m sale of London flagship store
Topshop has reportedly started the sales process of its former flagship store in London’s Oxford Street, for a price tag of £420m, according to The Times. Valued at £500m two years ago, the six-storey site is considered a Grade II listed building and is being advertised as a “new age…
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Apr- 2021 -12 AprilHigh Street
Hundreds of Bonmarché jobs at risk amid reports some stores may never reopen
Hundreds of jobs at Bonmarché are reportedly at risk as administrators struggle to decide how many stores should open as the ban on non-essential retail lifts. According to The Telegraph, administrators RSM have been “reviewing” options for the company’s 148 store estate – noting that many of the stores may…
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