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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Dec- 2019 -3 DecemberComment
A sustainable Christmas is coming to town
We are all reminded that the holiday season is approaching with a flurry of Christmas adverts encouraging us all to spend, yet retailers are anticipating a less than merry Christmas for their sales. According to Deloitte, only 62% of retailers expect to see higher sales this Christmas compared to a…
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3 DecemberOnline & Digital
Boohoo upbeat after ‘record’ Black Friday trading
Online fashion retailer Boohoo has reported “record performance” across the Black Friday weekend. The company was “pleased to confirm” that since its half year end, trading has “remained strong” across its key brands, and both of its warehouses also had a “strong” operational performance. The group’s new brands, Karen Millen,…
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Nov- 2019 -28 NovemberHigh Street
Dragons’ Den star Peter Jones kicks off Jessops sales talks
Dragon’s Den star Peter Jones has begun talks with potential buyers for embattled camera retailer Jessops, reports have claimed. Sky News said Jones, who owns Jessops, is holding talks with unnamed buyers and discussions are still at an early stage. However, the potential sale remains as only one of the…
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28 NovemberClothing & Shoes
Peacocks announced as ‘preferred bidder’ for Bonmarché
Peacocks has been chosen as the preferred bidder to acquire Bonmarché, it was announced this morning. FRP Advisory was appointed administrator for the troubled retailer in October, and joint administrators Tony Wright, Alastair Massey and Phil Pierce oversaw the administration process. Peacocks will now enter a period of negotiations with…
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19 NovemberHigh Street
Almost 6000 shops closed by major retailers this year, research finds
British retailing may be in “crisis”, after new figures from the Centre of Retail Research revealed that large high street retailers have faced a total of 5,834 store closures so far this year. CRR said this marked a 77% increase from the entirety of closures in 2018, when 3,303 large…
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18 NovemberComment
Mothercare: what was its formula for failure?
Last week it was announced that Mothercare, a constant of the British high street for over 50 years, had become the latest retail casualty — with all of its 79 stores set to close. But what went wrong for the maternity and baby brand? Mothercare is one of many brands…
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11 NovemberHigh Street
Clintons could close up to 66 stores
Greeting cards retailer, Clintons, has revealed plans to shut one in five of its UK stores, and is looking to find cheaper rent on over 200 of its shops. According to the Sunday Telegraph, Clintons is looking to close 66 of its 332 stores and also wishes for the rent…
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8 NovemberHigh Street
Mamas and Papas to close six stores as it enters administration
Mamas and Papas has announced job cuts and store closures after it entered administration and sold to Bluegem Capital in a pre-pack administration deal. The private equity firm, which has owned Mamas and Papas since 2014, has regained control over the business’s assets thanks to the deal. The move will…
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6 NovemberPeople Moves
Former BHS owner banned from being a director for 10 years
Former BHS director Dominic Chappell has been disqualified from running a company for 10 years. Ex-racing driver Chappell purchased BHS from Sir Phillip Green for £1 in 2015, but the chain collapsed in April 2016, resulting in over 10,000 jobs being lost. The Insolvency Service disqualified Chappell for “abusing his…
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6 NovemberHigh Street
2800 jobs affected as Mothercare ceases UK trading
Mothercare has announced it is to cease all trading within the UK, putting a potential 2800 jobs at risk. Operating stores will close over the coming weeks and months, with the potential loss of 2485 retail jobs and 384 head office positions. Further losses will be seen at warehouses and…
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