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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Mar- 2019 -28 MarchClothing & Shoes
Arcadia ‘draws up list of 67 store closures’
Arcadia has listed 67 stores it wishes to close across all of its brands, the Financial Times has reported. As seen by the publication, stores of varying sizes across the UK and Ireland with a total annual rent of £11m are set to be shut. These include Burton, Topshop, Evans,…
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25 MarchClothing & Shoes
Pretty Green set to appoint administrators this week
Fashion brand, Pretty Green is set to draft in administrators this week after it filed a notice of intention to appoint Moorfields Advisory to handle an insolvency protest. The brand, owned by Oasis frontman Liam Gallagher, called in advisors from the accountancy firm last month after sources told Drapers the…
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25 MarchDepartment Stores
Sports Direct slams Debenhams for rejecting £100m offer
Sports Direct has criticised Debenhams for rejecting its offer to acquire its Danish company Magasin Du Nord for £100m. On Friday (22 March), the struggling department store announced it had secured a £200m refinancing lifeline, shortly after Mike Ashley’s Sports Direct made the proposal which gave Debenhams the 12 month…
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20 MarchDIY
Office Outlet falls into administration
Stationery retailer, Office Outlet, has entered administration putting 1,200 jobs at risk at the retailer formerly known as Staples. The collapse of the 90-store retailer comes less than a year after its management team first initiated a CVA to reduce rent and cut stores. The retailer appointed Deloitte to oversee…
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14 MarchAnalysis
The click-and-collect phenomenon
The UK retail landscape is facing unprecedented pressures as British shopping habits continue to undergo a radical transformation. With consumers crying out for a more interactive, seamless and personalised experience in-store, it can be difficult for retailers to know how to keep footfall. Through merging the best of digital and…
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7 MarchClothing & Shoes
LK Bennett enters administration
High-end fashion retailer, LK Bennett has announced it has entered administration. The retailer had lined up administrators EY to undertake the process earlier this week, and earlier today (7 March) LK Bennett’s website announced it was no longer accepting customer orders. The company, founded by Linda Bennett, in 1990, has…
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1 MarchClothing & Shoes
LK Bennett could collapse ‘in next few days’
Some 480 jobs may be at risk as high end fashion retailer LK Bennett has appointed audit firm EY as its administrator while the company seeks funding. As reported by Sky News, if the chain doesn’t gain access to investment in the next few days it will be forced into…
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Feb- 2019 -27 FebruaryEconomy
Shop price inflation hits six-year high
Shop price inflation increased by 0.7% in February, up from 0.4% in January, and is the highest inflation rate since March 2013. According to the BRC, non-food prices rose by 0.2% year-on-year during the month, compared with the January decrease of 0.2%. Additionally, food inflation rose slightly to 1.6%, up…
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20 FebruaryHigh Street
F Hinds to save Chapelle stores
Family owned retailer F Hinds, which has 116 stores across England & Wales, has reached an agreement to take on 12 Chapelle stores in top outlet centres. Chapelle was founded in 1979 by Paul and Margaret Mortimer as a retail business that offered discounted watches and jewellery. It trades in…
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18 FebruaryHigh Street
McColls profits halve due to ‘supply chain disruption’
Convenience retailer McColls profits before tax dropped from £18.4m to £7.9m in the 52 weeks to 25 November 2018, impacted by the administration of wholesaler Palmer and Harvey. The wholesaler worked with 90,000 retailers in the UK before it collapsed in November 2017 with debts of £65m. McColls’ total revenue…
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