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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Jan- 2020 -28 JanuaryComment
How ‘Ostrich Shops’ are blighting the high street
The state of the high street isn’t to blame for the closure of shops and growing number of UK retailers entering into Company Voluntary Administration (CVA) schemes. It’s a trend of ‘Ostrich Shops’ which is killing high street retail. It’s all too easy to read about struggling high street shops.…
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27 JanuaryHigh Street
10,000 retail jobs lost in 2020
Almost 10,000 retail jobs have been lost in 2020 amid a “torrid” start to the new year, according to the Centre for Retail Research. The research group revealed that 9,949 jobs have been lost in the first three weeks of 2020, amid store closures at Debenhams, GAME, HMV, Arcadia and…
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24 JanuaryComment
Why retailers need to take sonic branding seriously
Retail is undergoing something of a paradigm shift. This is a sector that faces unprecedented challenges as it adapts to the ever-changing shopping habits of consumers. Last week’s ONS data revealed that UK retail sales fell in December by 0.6%, making it the fifth consecutive month in which retail sales…
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24 JanuaryHigh Street
Hawkin’s Bazaar enters administration, 177 jobs at risk
Gift and toy retailer Hawkin’s Bazaar has entered administration, placing 177 jobs at risk. Tom Straw and Simon Thomas from Moorfields Advisory Ltd have now been appointed as joint administrators of the toy shop chain. Hawkin’s Bazaar was founded in 1973 and currently operates 20 stores across the UK and…
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21 JanuaryClothing & Shoes
The Dune Group CEO James Cox announces departure
The Dune Group’s CEO, James Cox, is set to depart from the shoe retailer on 9 March, after more than a decade with the company. According to Drapers, Cox will remain on the board as a non-executive director, while executive chairman and founder Daniel Rubin will take over as chief…
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20 JanuaryHigh Street
Gordon Brown to receive nearly £1m following Links of London collapse
Restructuring firm Gordon Brown is set to receive a near £1m payout after it helped to close down British jewellery brand Links of London. According to a report by the Telegraph on Sunday, the firm assisted by selling “leftover” earrings, bracelets and necklaces. It also helped to shut the retailers…
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20 JanuaryDepartment Stores
Beales to vote on administration
Embattled department store chain Beales is on the brink of administration, with reports suggesting it will hold a meeting on whether to appoint KPMG as administrators later today (20 January). According to Sky News, the decision to appoint administrators will be held while the company still searches for a buyer.…
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13 JanuarySupermarkets
Asda cost cuts to put 2,832 back-office jobs at risk
Nearly 3,000 Asda employees are reportedly at risk of losing their jobs, according to new reports. According to The Guardian, 2,832 back-office jobs may potentially be at risk in the latest cost-cutting move from the supermarket giant. The newspaper claims to have learned that consultations are afoot with employees in…
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13 JanuaryDepartment Stores
Debenhams in talks to offload executive pension scheme
Embattled department store chain Debenhams is reportedly in talks over the buyout of its executive pension scheme, which holds over £200m in assets. According to Sky News, Debenhams is closing in on a deal with insurance company Aviva that, if completed, will guarantee future benefits to members of the senior…
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10 JanuaryAnalysis
Spooked markets seem soothed by Iran-US climb-down
When Iran decided to hit back on US military facilities after president Trump ordered the assassination of Iranian general Qasem Soleimani, there was talk of the outbreak of war. NATO countries apparently implored Trump not to go for another attack, fearing that if he did things would escalate beyond control…
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