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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Feb- 2025 -20 FebruaryNews-In-Brief
Today’s news in brief-20/2/25
Fashion retailer Quiz has appointed administrators to its subsidiary Zandra Retail, resulting in the closure of 23 loss-making stores and the loss of around 200 jobs. Advisory firm Teneo will oversee the administration process, while Orion Retail Limited, owned by Quiz’s founding family, will acquire certain assets, including 42 stores,…
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19 FebruaryPeople Moves
UK retail CEO appointments fall sharply as female leadership halves
UK retail CEO appointments dropped by 20% in 2024 to just 22, continuing a decade-long decline in leadership appointments within the sector, according to a new report by Korn Ferry. The country also saw a halving of the number of female CEOs, with only six being appointed in retail in…
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14 FebruaryNews-In-Brief
Today’s news in brief-14/2/25
The fast fashion retailer In The Style is reportedly preparing to appoint administrators as its financial struggles deepen. Acquired by Baaj Capital for just over £1m in 2022, the company saw revenues plummet from £46m to £30.4m in the year ending March 2024, with UK sales dropping to £29m. Despite…
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14 FebruaryFeatures
How Trump’s tariffs could affect UK retailers
US President Donald Trump has spent his first few weeks in power threatening to and actioning a number of moves which affect imports into America. While most of this has been focused upon Canada, Mexico and China it could have wide ranging effects across the globe. Trump is embarking on…
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14 FebruaryClothing & Shoes
In The Style owners line up administrators
In The Style is reportedly on the brink of insolvency less than two years after it was sold to Baaj Capital for just over £1m, according to reports from Sky News. According to Sky, FTS Recovery is being lined up to act as administrator to the company, which was founded…
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13 FebruaryNews-In-Brief
Today’s news in brief-13/2/25
Fast-fashion giant Shein is relocating some Chinese supplier operations to Vietnam to circumvent U.S. tariffs imposed during the Trump administration, including a 10% levy on Chinese goods and the removal of a $800 de minimis exemption. Incentives for suppliers include procurement price hikes of up to 30%, alongside Vietnam’s lower…
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13 FebruaryClothing & Shoes
Shein to look to Vietnam to avoid Trump tariffs
Shein has asked some of its Chinese suppliers to set up production capacity in Vietnam in a bid to bypass tariffs placed on China by the US, according to reports from Bloomberg. The company is offering suppliers incentives including higher procurement prices of as much as 30% to make the…
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12 FebruaryNews-In-Brief
Today’s news in brief-12/2/25
Kering, the luxury conglomerate behind Gucci, Yves Saint Laurent, and Bottega Veneta, reported a challenging fiscal 2024, with revenue falling 12% to €17.2 billion (£14.3 billion) and EBITDA plummeting 29% to €4.6 billion (£3.8 billion). Gucci’s 23% sales decline to €7.65 billion (£6.37 billion) significantly impacted the group, alongside a…
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12 FebruaryHigh Street
Beales to shutter last remaining store amid budget changes
Beales, one of Britain’s oldest department stores, will shutter its last remaining store after more than 140 years of trading amid cost pressures arising from the latest budget. The business, which opened in Bournemouth in 1881, will close its last remaining store in Poole’s Dolphin Centre at the end of May.…
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6 FebruaryNews-In-Brief
Today’s news in brief-6/2/25
Tesco is reportedly considering a takeover of over 100 Crown Post Office branches, potentially safeguarding them from closure as the state-owned Post Office reviews its directly managed network. Post Office chairman Nigel Railton informed MPs that Tesco expressed interest in acquiring the loss-making branches, part of a broader strategic review…
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