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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Mar- 2021 -16 MarchTechnology
Rezolve closes on £540m fundraising
Rezolve, a mobile shopping platform startup, is reportedly closing in on a funding round that would value the group at $750m (£540m). According to Sky News, Dan Wagner, the company’s founder, is on the brink of finalising a $20m (£14.4m) cash injection for the group. City sources told the publication…
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4 MarchComment
Integrating Arcadia’s brands into ASOS and Boohoo: Three key steps
Retail is rife with change thanks to the impact of Covid19 on the sector. Unfortunately, in recent months we’ve seen many retailers go into administration or become acquired. One notable example is Arcadia Group. Boohoo recently acquired its Debenhams, Dorothy Perkins, Wallis and Burton brands – and ASOS acquired Topshop,…
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Feb- 2021 -25 FebruaryNews
Asda’s new business plan puts 5,000 jobs at risk
Asda has announced it will transform parts of its business to focus more on online, putting 5,000 jobs at risk. To support the increasing number of customers who are choosing to shop online, the supermarket revealed it intends to expand its “in store pick” model by creating 4,500 new roles…
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22 FebruaryAnalysis
The restructuring options for retailers before it’s too late for rescue
Despite a glimmer of hope that Government may extend more Covid-19 support measures, retailers shouldn’t leave their future to chance if they want to boost their prospects of surviving the pandemic. Up until recent days, it looked like retailers were facing a so-called perfect storm. A moratorium protecting retail tenants…
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18 FebruaryClothing & Shoes
Topshop collapse hits creditors with £176m loss
Topshop and Topman creditors are reportedly facing losses of £176m since the demise of Sir Phillip Green’s Arcadia, according to The Telegraph. Suppliers from countries such as China and Turkey have been hit the hardest financially as the fashion empire gets wound up. In total, creditors are owed £219m but…
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15 FebruaryHigh Street
Arcadia asset sale gives pension holders new hope
Workers who were saving pensions at Sir Phillip Green’s Arcadia Group have reportedly been told that their savings can be recovered following the sale of property assets at the collapsed company. According to The Guardian, trustees of the Arcadia pension scheme have secured £173m to help fund their retirement through…
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10 FebruaryHigh Street
Arcadia employees press for legal action
Law firm Simpson Millar has been contacted by over 30 former Arcadia employees looking to press legal action against the retailer after their jobs were lost through the nature of the group’s takeover. Last week saw Asos snap up Topshop, Topman, and Miss Selfridge for £265m, while online retailer Boohoo…
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9 FebruaryClothing & Shoes
M&S bolsters clothing business with senior hires
Marks and Spencer has announced it is strengthening its Clothing and Home leadership team through two new hires, who are both set to “play an important role” in the development of its Never the Same Again programme. The programme, launched last year, is focused on the group becoming “more relevant,…
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8 FebruaryOnline & Digital
Boohoo snaps up remaining Arcadia brands
Boohoo has confirmed that it has acquired the remaining brands from fallen retail empire Arcadia, in a move that will see the Burton, Dorothy Perkins and Wallis brands added to the online retailer’s portfolio. Following a £25.2m transaction, the group will acquire all of the e-commerce and digital assets of…
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Jan- 2021 -28 JanuaryDepartment Stores
Debenhams CEO to step down
Steven Cook is reportedly stepping down from his position as CEO of Debehmans, according to Drapers. Cook joined Debenhams in 2017 as managing director, overseeing the division’s buying, design and merchandising for fashion and home. In an internal message sent to staff, and seen by Drapers, Hazell said: “Steven Cook…
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