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 -6 JanuaryDepartment Stores
Debenhams announces 19 store closures
Debenhams has announced the closure of 19 of its UK stores, resulting in 660 job losses. The department store, which entered administration in April last year, launched its CVA in the same month. The closures are due to take place during the next fortnight, with stores closing from 11 January,…
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3 JanuaryEntertainment
UK music sales hit 14-year high
2019 marked the fifth consecutive year of growth in the consumption of recorded music in the UK, according to figures released by the British Phonographic Industry (BPI). The equivalent of 154 million albums were either streamed, purchased on physical formats or downloaded – up by 7.5% in volume on the…
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3 JanuaryClothing & Shoes
Arcadia Group confirms Westfield Stratford Topshop closure
Arcadia group has confirmed its Topshop and Topman sites at London Westfield Stratford City will close, Drapers reports. The two-storey shop, which opened in September 201, is closing as its lease comes to an end. The closure is not part of the companies seven CVAs which were passed in June.…
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Dec- 2019 -19 DecemberHigh Street
Debenhams landlord challenges High Court CVA decision
A Debenhams landlord has decided to appeal against a recent High Court ruling which paved the way for the embattled retailer’s CVA to go ahead. According to a report by the Telegraph, the Salford-based landlord is hoping to “overthrow” the legal win from two months ago. In September, the High…
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19 DecemberPeople Moves
Bonmarché CEO Helen Connolly quits
Bonmarché CEO Helen Connolly has stepped down from her role, after three years in the position, according to Drapers. Connolly stepped down from the position after joining the fashion retailer in August 2016 succeeding Karen Millen and Coast CEO Beth Butterwick. Prior to Bonmarché, she held the position of director…
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18 DecemberOnline & Digital
400 jobs at risk as The Book People enters administration
The Book People has entered into administration, putting 400 jobs at risk. Toby Underwood and Zelf Hussain, of PWC, have now been appointed as joint administrators of the bookseller. According to PWC, the administration is a result of the “difficult” trading environment that the business has been experiencing, combined with…
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16 DecemberHigh Street
Sports Direct profits soar in half-year results
Shares in Sports Direct jumped more than 16% to 418p in early trading today, after the retailer announced a 160% increase in profits to £193.4m in its half-year financial report. The sports fashion retailer said the profit growth was largely due to “improved” underlying EBITDA, which increased by 21.8% to…
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12 DecemberAnalysis
Businesses are sitting on £115bn and waiting to splurge
Goldman Sachs thinks money will pour into UK stocks and shares after this election, but it’s at least partly because they suspect a Tory victory. Regardless of which side of the Brexit divide you are on, there is one thing that’s for certain: business has been extremely cautious about the…
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6 DecemberHigh Street
Jessops appoints administrators, 500 jobs at risk
Camera retailer Jessops has appointed administrators to its property arm, reportedly placing around 500 jobs at risk. According to The Guardian, the retailer’s main trading company Jessops Europe is not affected by the administration and its owner, Dragons Den’s Peter Jones, is thought to want to keep the business going.…
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4 DecemberHigh Street
Clintons saved from administration
Clintons has been saved from administration after the Weiss family regained control of the business through a new entity. Will Wright and Steve Absolom from KPMG, who were appointed joint administrators, sold the brand and its assets to Esquire Retail Limited – a holding company for the Weiss family. The…
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