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.
-
Aug- 2019 -16 AugustHigh Street
Sports Direct shutters eight Jack Wills stores
Sports Direct has announced the closure of eight Jack Wills stores, according to a report by the Financial Times. The affected shops are located in Marlborough, Derby, Reigate, Rock, Tunbridge Wells, Durham, Kingston and St Albans. Sports Direct acquired Jack Wills from administration on 6 August, after administrators KPMG accepted…
Read More » -
15 AugustDIY
Homebase appoints Ian Penney as director of Bathstore
Homebase has appointed Ian Penney as director of Bathstore, after the bathroom chain was brought out of administration last month. As director, Penney will take direct management responsibility for all aspects of the Bathstore business, including the concession roll out into Homebase, and digital offerings. Having started his career as…
Read More » -
13 AugustFeatures
Mike Ashley’s high street monopoly
Over the past two years retail tycoon Mike Ashley has been treating the UK high street as his very own personal Monopoly board. However instead of desires to develop houses and hotels on his newly acquired property, Ashley has the grander vision of ‘saving the UK high street’ and turning…
Read More » -
7 AugustOnline & Digital
Boohoo acquires Karen Millen and Coast putting 1,100 jobs at risk
Online fashion retailer Boohoo has acquired British brands Karen Millen and Coast, which were recently put up for sale by their owner Icelandic bank, Kaupthing. The group has acquired only the online business and all associated intellectual property rights from the administrators of Karen Millen Fashions Limited and Karen Millen…
Read More » -
6 AugustOnline & Digital
Boohoo confirms offer for Karen Millen and Coast
Online retailer Boohoo has confirmed it has made an offer to acquire the online business of British brands Karen Millen and Coast, together with all associated intellectual property rights. The group believes that the online business of these brands would represent “highly complementary” additions to its scalable multi-brand platform and…
Read More » -
6 AugustHigh Street
Sports Direct acquires Jack Wills in pre-pack deal
Mike Ashley’s Sports Direct has acquired fashion retailer Jack Wills from administration, after administrators KPMG accepted the £12.75m offer tabled by the sports retail group. Jack Wills currently has 100 stores in the UK, employing around 1,800 people, with all properties and distribution centres to be transferred to Sports Direct…
Read More » -
Jul- 2019 -30 JulyPeople Moves
Grant Thornton set to quit as Sports Direct auditor
Accountancy firm Grant Thornton is reportedly set to quit as the auditor to Mike Ashley’s Sports Direct following concerns over the revelations of a €674m (£605m) tax bill. According to the Financial Times, the auditor has told UK regulator The Financial Reporting Council of its intention to step down, citing…
Read More » -
29 JulyHigh Street
Sports Direct hit with €674m tax bill from Belgian authorities
Shares in sports fashion retailer Sports Direct plummeted by as much as 27% to 166.6p in early trading today, later recovering to 208p, following its chaotic results announcement last Friday (26 July). The results were expected to have been announced at 7am ahead of the market opening, less than an…
Read More » -
29 JulyShopping Centres
Hammerson reports £319.8m loss
Shopping centre owner Hammerson has reported a £319.8m loss during the first six months of the year ending 30 June. Hammerson, which owns shopping centres such as London’s Brent Cross and Birmingham’s Bullring, revealed on an adjusted basis profits were down 10.5% to £107.3m. The company also reported a 6.8%…
Read More » -
22 JulyDIY
Homebase close to buying out Bathstore
DIY retailer Homebase is reportedly closing in on acquiring bathroom retailer Bathstore, according to The Telegraph. The company entered administration last month, with accounting firm BDO, after it failed to find a buyer for the business, placing 500 jobs and 135 stores at risk. It has not been confirmed whether…
Read More »
