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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Apr- 2020 -28 AprilCoronavirus
UK economy not expected to recover until 2023, study suggests
The UK’s economy is not expected to return to normal until 2023 due to the coronavirus pandemic, according to a new report issued by economic forecasting group EY Item Club. The group has warned that it is likely to take three years for the UK economy to return to the…
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24 AprilCoronavirus Featured Content
Oasis and Warehouse fall: Will the coronavirus pandemic force my business into insolvency?
With the involuntary closure of many businesses forced by the UK-wide lockdown, previously successful companies are beginning to feel the strain and becoming more concerned about their future viability. Many retailers simply do not have the income or cash reserves to pay their creditors at this time. This is not…
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23 AprilHigh Street
Animal set to shutter entire UK estate by 2021
Fashion brand Animal is reportedly set to shutter its entire UK estate by 2021, placing almost 500 jobs at risk. According to a report by the BBC, the brand’s owner H Young Holdings said the closure could come as early as January of next year, and added that the move…
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23 AprilClothing & Shoes
Gordon Brothers rescues Laura Ashley from administration
Embattled retailer Laura Ashley has been rescued from administration by global investment firm Gordon Brothers for an undisclosed sum. Gordon Brothers revealed it has acquired the global Laura Ashley brand, archives, and related intellectual property from the Laura Ashley group’s administrators PwC. Ramez Toubassy, president of brands for Gordon Brothers…
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22 AprilHigh Street
Cath Kidston shutters entire UK estate, over 900 staff made redundant
The administrators of Cath Kidston have confirmed that all 60 Cath Kidston stores in the UK have now closed, resulting in 908 staff being made redundant. Richard Fleming and Mark Firmin from restructuring practice Alvarez and Marsal were appointed as joint administrators to Cath Kidston yesterday. Immediately following the administrators’…
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21 AprilBusiness Bites
Oil prices plunge, Virgin Australia could crash land, Nasa robots controlled from the kitchen table
Oil producers in the United States will pay you to take their barrels as global demand has plummeted amid government lockdowns. It’s hard to overstate the significance of the story, but probably the best way is to say that this has never happened before. Essentially the largest producers have ended…
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21 AprilCoronavirus
Cath Kidston bought out of administration by owner
Global lifestyle brand Cath Kidston has been bought out of administration by its parent company Baring Private Equity Asia (BPEA) in a pre-pack deal. The management team of Cath Kidston today (21 April) confirmed that parts of the business have been transferred by administrators, Alvarez and Marsal, following an independent…
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21 AprilClothing & Shoes
Clothing and footwear market forecast to decline by £14bn
The UK clothing and footwear is anticipated to plummet in 2020, falling 26.1% versus 2019, a loss of around £14bn according to data analytics company GlobalData. The firm predicts that with clothing stores expected to gradually reopen in June, footfall will remain low as consumers will be “cautious” about visiting…
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20 AprilComment
What’s behind the demise of Cath Kidston?
Sadly, the coronavirus pandemic and subsequent shutting of high street stores has compounded the effects on the already struggling retail sector. Along with other 90s/early 2000s favourites Oasis and Warehouse, homeware and clothing retailer Cath Kidston announced it was going into administration this month. According to Savanta BrandVue Retail data,…
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20 AprilDepartment Stores
Debenhams closes seven stores amid further landlord talks
Debenhams has announced the permanent closure of seven of its stores resulting in the loss of 422 jobs and has entered negotiations with landlords over some of its remaining stores. The department store chain, which entered administration earlier this month, closed seven of its sites including its Westfield Shepherds Bush…
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