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.
-
Nov- 2019 -4 NovemberHigh Street
Clintons in talks over possible CVA
Card and gift retailer Clintons could be eyeing up a potential CVA, after the retailer wrote to landlords last week inviting them to a “series of town-hall meetings” to discuss “possible closures and rent cuts”. According to Sky News, talks are set to start this week on what will happen…
Read More » -
1 NovemberHigh Street
Phillip Day loses £5.7m equity following Bonmarche collapse
Phillip Day has lost his £5.7m equity investment in Bonmarche, following its collapse into administration last month. Spectre Holdings Ltd, owned by Phillip Day, lost its multi-million investment when administrators from FRP were appointed to handle the administration process, In-Cumbria reported. Spectre provided Bonmarche with working capital and a “cost…
Read More » -
Oct- 2019 -28 OctoberHigh Street
Forever 21 to shutter all UK stores next year
Fashion retailer Forever 21 has confirmed it will close its three UK stores in London, Liverpool and Birmingham next year. It comes after the parent company in the US filed for Chapter 11 bankruptcy, and Damian Webb and Allan Kelly of RSM Restructuring Advisory LLP were appointed as joint administrators…
Read More » -
21 OctoberHigh Street
Bonmarché enters administration putting 2,900 jobs at risk
Womenswear retailer Bonmarché has entered administration, resulting in around 2,900 jobs being placed at risk including 200 at its head office. With 318 branches located around the UK, Bonmarché appointed FRP Advisory as administrators who said the brand had a “sustained period of challenging trading conditions.” Alastair Massey, Tony Wright…
Read More » -
16 OctoberHigh Street
Jessops owner preparing to call in administrators
Dragon’s Den star Peter Jones, owner of camera retailer Jessops, is planning to call in administrators in an attempt to save the embattled chain. According to Sky News, JR Prop Limited which manages the retailers leasehold estate, is looking to appoint restructuring advisory firm, Resolve, as the administrator. Sky News…
Read More » -
14 OctoberClothing & Shoes
Khaadi Fashion rescued after pre-pack administration
Asian clothing retailer Khaadi Fashion has been rescued after a pre-pack administration, saving the majority of its staff’s jobs. The Pakistani fashion and lifestyle brand was founded in 2013 and had operated from 10 stores nationwide in shopping centres such as Westfield London, Westfield Stratford, Bullring Birmingham and Trafford Centre…
Read More » -
11 OctoberEntertainment
HMV opens Europe’s largest entertainment store in Birmingham
HMV has opened a new 25,000 sq ft megastore in Birmingham, making it the largest entertainment store in Europe, as its new Canadian owner attempts to kick off its revival. The HMV Vault, will be home to approximately 80,000 CDs, 25,000 vinyl albums, 40,000 DVDs and 20,000 Blu-ray discs, as…
Read More » -
9 OctoberHigh Street
Links of London enters administration placing 350 jobs at risk
British jewellery brand Links of London has entered administration, placing around 350 jobs at risk. Matt Smith and Dan Smith, restructuring partners at Deloitte, have been appointed as joint administrators to the company. The brand is owned by the Greek Folli Follie Group, with headquarters in London, and sells luxury…
Read More » -
7 OctoberHigh Street
Ex-BHS owner Dominic Chappell denies tax fraud
The former owner of BHS Dominic Chappell has denied he avoided paying £500,000 in tax. Chapell pleaded not guilty to three charges of tax evasion at Southwark Crown Court. The charges allege that he failed to register his former finance company Swiss Rock for taxes from the correct date, gave…
Read More » -
Sep- 2019 -24 SeptemberHigh Street
Sports Direct announces five more Jack Wills closures
Sports Direct has revealed the locations of a further five Jack Wills stores set to close, following its acquisition of the clothing retailer. Sports Direct has earmarked its Bluewater, Oxford, Newcastle, Winchester and London Gatwick airport as the next stores to shutter. The company, which closed eight Jack Wills stores…
Read More »
