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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Feb- 2022 -25 FebruaryClothing & Shoes
Frasers Group acquires Studio Retail
Frasers Group has announced that it has acquired digital retailer, Studio Retail Limited and certain other assets of Studio Retail Group, following news the retailer fell into administration. It follows yesterday’s news that it formally appointed Teneo as administrations to handle its collapse, according to The Times. Its request for…
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4 FebruaryNews
Mattress Online expands team with six new appointments
Mattress Online, the UK’s independent mattress retailer, has strengthened its team with six new hires as home working continues to drive retail trends. During the pandemic, the firm said it saw turnover leap to £37.5m fuelled by stay-at-home spending on DIY and homeware. The trend is expected to continue in…
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Nov- 2021 -4 NovemberDepartment Stores
Harrods reports £68m loss as restaurant staff to vote on strike action
Luxury department store Harrods has reported a loss of £68m for the 52-week period ending 30 January 2021. According to its latest set of accounts published on Companies House, it comes after its gross transaction value decreased by 51% to £1.09bn and its turnover also fell by 50% to £429m…
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Oct- 2021 -28 OctoberHigh Street
Toys”R”Us set to make UK return
Toys”R”Us and Babies”R”Us are set to make a return to the UK after its parent company, WHP Global signed a landmark long-term exclusive licence agreement to run a digital and physical retail commerce. The children’s toy company plans to commence online sales to UK shoppers over the next several months,…
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Sep- 2021 -14 SeptemberAdvice
Embracing Google Shopping and omnichannel strategies post-lockdown
The relaxation of restrictions on June 21 – or as it has become known in the media, ‘Freedom Day’ – was meant to be a return to normality. For brick and mortar retailers especially, this represented a chance for them to increase sales and recoup losses endured during lockdown. However,…
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Aug- 2021 -4 AugustPeople Moves
Mike Ashley set to step down as CEO of Frasers Group
Mike Ashley is reportedly planning to step down from his role as the CEO of Frasers Group and hand over control to his prospective son-in-law, according to The Telegraph. The Sports Direct boss is reportedly expected to assume the role of deputy chairman following the move, which could be confirmed…
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3 AugustDepartment Stores
Mike Ashley’s Frasers Group pens letter urging MPs for Debenhams probe
Mike Ashley’s Frasers Group has reportedly sent a letter to parliament urging them to launch an independent investigation into Debenhams’ collapse in 2019. According to Sky News, which reports it has seen the letter from Frasers CFO Chris Wootton, the letter claims that the Debenhams board was culpable for its…
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Jul- 2021 -21 JulyNews
Mike Ashley launches high court action over Debenhams collapse
Sports Direct owner Mike Ashley has reportedly gone to the High Court to set aside a settlement agreed with Debenhams and its administrators earlier this year. According to the Times, the retail tycoon intends to “kickstart investigations” into the department store’s directors and advisors following its collapse. If accepted, the…
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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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