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- 2020 -21 JulyCoronavirus
Antler’s online business sold
Luxury luggage brand, Antler, has confirmed its brand, online retail business and assets have been sold to an ATR group company after KPMG was drafted in to restructure the business. Antler, founded in Bury, Lancashire in 1914, had traded across a number of retail outlets and various online channels prior…
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17 JulyShopping Centres
Intu slashes 46 head office roles
Intu has slashed 46 roles across its London head offices, following its collapse into administration at the end of June. A spokesperson for the joint administrators confirmed the news, and said that a further 15 roles have also been cut at Intu Broadmarsh in Nottingham, which was the result of…
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16 JulyComment
Intu the unknown: The future of the shopping centre
Saddled with unsustainable levels of debt and lacking rental income over the past two quarters due to Covid-19 restrictions, Intu finally announced its move into administration earlier this month. The shopping centre giant’s collapse left thousands of shops and livelihoods on the line and it represented a pivotal moment for…
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16 JulyClothing & Shoes
Next set for Victoria’s Secret UK takeover
Next has reportedly agreed an outline deal to acquire the UK arm of Victoria’s Secret, fending off competition from Marks and Spencer and other bidding rivals. According to Sky News, Next has been chosen as the “preferred” franchise partner for the lingerie brand by Deloitte, who were called in as…
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10 JulyShopping Centres
John Whittaker steps downs as Intu chairman
John Whittaker has reportedly stepped down from his role as chairman of embattled shopping centre owner Intu. According to Property Week, Whittaker resigned from his role as chairman and non-executive director on 26 June – the same day Intu entered administration. It also reported that Whittaker had not attended an…
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6 JulyHigh Street
Over 24,000 retail jobs lost in first half of 2020
Almost 24,348 jobs have been scrapped in the first six months of the year at large retailers which have fallen into administration, the Centre for Retail Research (CRR) has revealed. Retailers including Laura Ashley, Debenhams, Monsoon & Accessorize, Oasis & Warehouse, Cath Kidston, Quiz, Victoria’s Secret, Oakland Furniture, Go Outdoors,…
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2 JulyHigh Street
Casual Dining Group falls into administration
The owner of Bella Italia and Café Rouge, Casual Dining Group, has fallen into administration. According to a report by the BBC, almost 1,900 of the group’s 6,000 strong workforce have been made redundant, with 91 sites closing their doors for good. The BBC said AlixPartners, the appointed administrators, will…
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2 JulyComment
Why every penny counts as retailers open shop doors again
The long-awaited re-opening of shop doors comes with the even bigger anticipation of turmoil within the next 12 months as retailers regain their feet in an uncertain climate. Lockdown has had a substantial and unprecedented impact on the retail sector. In the last few months, Debenhams has entered administration for…
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1 JulyHigh Street
Harveys collapses into administration as Bensons saved
Furniture retailer Harveys has collapsed into administration after the retailer’s parent company, Blue Group, called in PwC to financially restructure the business. Bensons for Beds, which is also owned by Blue Group, has been saved from the same fate after it was acquired by Blue Group owner Alteri Investors in…
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Jun- 2020 -30 JuneClothing & Shoes
TM Lewin collapses into administration
TM Lewin has collapsed into administration following news that the retailer was eyeing up a pre-pack administration deal. According to the Mail Online, the group cited the ongoing Covid-19 pandemic and the temporary closure of its stores in March as the main reasons behind the collapse. The move could result…
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