Administration

Phillip Day to snap up Jacques Vert

Retail boss Phillip Day is said to be preparing to add womenswear brand Jacques Vert to his retail portfolio, which…

Read More »

Poundworld founder Chris Edwards says retailer was ‘badly managed’ by TPG

Chris Edwards, the founder of collapsed bargain retailer Poundworld, has criticised its owners TPG claiming they “badly managed” the chain.…

Read More »

Over half of UK businesses braced for revenue drop due to Brexit

Over half of UK businesses believe Brexit will trigger a drop in revenue in 2019 according to new research by…

Read More »

Inquiry into BHS directors could be reopened

The inquiry into the former directors of BHS could be reopened following the discovery of new information by the Financial…

Read More »

Poundworld to shutter all remaining stores

Poundworld will close all 190 remaining stores by 10 August after administrators Deloitte failed to find a buyer for the…

Read More »

The Works to open 50 stores per year and plans to IPO

Discount retailer The Works has unveiled plans to float on the London Stock Exchange and open 50 new stores each…

Read More »

Deloitte announces first wave of Poundworld store closures

Deloitte, which is handling the administration of Poundworld, has announced the closure of 25 stores resulting in around 242 staff…

Read More »

Retail property value sees biggest drop in six years

The value of UK retail properties fell by 0.8% in June, the biggest monthly fall since May 2012. According to…

Read More »

Mothercare adds 10 store closures to CVA after Childrens World administration

Mothercare has earmarked another 10 stores for closure as part of its CVA bringing the total to 60 stores, after…

Read More »

Poundworld founder urges ‘moral argument’ after administrators reject rescue bid

A rescue bid offer made by Poundworld founder Chris Edwards has been been rejected by appointed administrators Deloitte, who say…

Read More »