Administration

Brighthouse set to call in administrators

Rent-to-own home furnishings brand Brighthouse is reportedly set to call in administrators, placing around 2,400 jobs at risk.  According to…

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Jack Wills permanently closes another 17 stores

British fashion brand Jack Wills – which was rescued out of administration by Frasers Group plc in August 2019 –…

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Laura Ashley slashes 721 roles as 70 stores shutter

Embattled retailer Laura Ashley has shuttered 70 of its stores leaving almost 721 people out of work, administrator PWC has…

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Laura Ashley enters administration as coronavirus claims first casualty

Embattled home and fashion retailer Laura Ashley has fallen into administration after it revealed that the coronavirus outbreak has had…

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Intu warns of its future amid £2bn loss

Shopping centre owner Intu has warned of its future if it cannot raise extra funds, after it reported a £2bn…

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Brighthouse reportedly on brink of collapse

Rent-to-own retailer Brighthouse is reportedly on the brink of collapse, following an increase in customer compensation claims. Sky News said…

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Debenhams denies lenders’ threat to hold up restructuring over rent cuts

Department store chain Debenhams has denied reports of it telling landlords that its lenders may not sign off a “critical…

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British homeware brand Olivia’s saves Houseology from collapse

Luxury furniture and homeware brand, Olivia’s, has completed a deal to buy Houseology, which went into administration last month. Olivia’s,…

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The changing face of retail in the age of digitisation

Retail: the 2020 snapshot It’s no secret that high street retail in Britain has been struggling for the past decade.…

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Hammerson profits sink to £534m in full year results

Retail landlord Hammerson has reported its losses have widened to a pre-tax loss of £537.8m in the year to 31…

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