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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Apr- 2018 -24 AprilHigh Street
300 jobs lost as East poised to stop trading next week
Fashion retailer East is to stop trading next week after administrators were unable to find a buyer, with 300 employees to be made redundant. According to reports, East will cease trading on 4 May after administrators at FRP Advisory were unable to find a buyer despite receiving at least three…
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19 AprilDepartment Stores
Store closure fears loom as House of Fraser appoints advisors
House of Fraser has appointed KPMG to advise the company on a restructuring plan, raising speculation that a number of stores may be about to close. The consultancy specialists are expected to look at all of the department store’s options including a Company Voluntary Agreement. The appointment is understood to…
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16 AprilEconomy
High street collapse down to higher business rates, says Colliers
Fifteen major retailers or restaurant groups have gone into CVA or administration in the twelve months since the April 2017 Business Rates Revaluation, according to Colliers International, the global commercial real estate agency and consultancy. Ten of those have happened since the beginning of this year – in the last…
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13 AprilClothing & Shoes
American Apparel set for UK relaunch
Retail brand, American Apparel plans to relaunch online in April in the UK. The brand will return with its basics range, as well as new additions designed to appeal to audiences of “all shapes and sizes, underpinned by a strong message of body positivity, empowerment, inclusivity and diversity.” The relaunch…
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12 AprilDIY
Carpetright to close nearly a quarter of stores, affecting 300 jobs
Carpetright is preparing to close nearly a quarter of its 300 stores in a restructuring plan as it struggles to avoid administration. Today (12 April) the company released a statement saying it had entered a Company Voluntary Agreement (CVA), which if approved, would lead to the closure of 92 outlets…
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9 AprilGovernment
Dominic Chappell to sue Philip Green
Former British Home Stores (BHS) owner Dominic Chappell said he plans to sue retail magnate Philip Green and contest a proposed boardroom ban by the Insolvency Service, in order to repair his “tarnished reputation”. On 28 March the Insolvency Service disqualified Chappel from running or controlling any company for up…
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9 AprilHigh Street
Bestway acquires Conviviality retail brands
Bestway Wholesale has completed the purchase of Conviviality’s retail brands, in a deal closed at 11.56pm on Friday (6 April). In the £7m deal, the wholesaler acquired the Bargain Booze, Wine Rack, Select Convenience and WS Retail chains, saving 2,000 jobs. Matthew Callaghan, partner at PwC, said: “This deal safeguards…
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6 AprilHigh Street
Bestways poised to purchase retail arm of Conviviality
Cash and carry wholesaler Bestway is set to announce its plan to purchase Conviviality’s retail chains, which includes Bargain Booze. According to reports Bestway, run by Zameer Choudrey, is thought to have paid roughly £7.5m for the Conviviality businesses. The deal will secure roughly 2,000 jobs and will bring the…
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5 AprilHigh Street
Conviviality goes into administration
Drinks retailer and wholesaler Conviviality has filed for administration just a day after selling its wholesale business. Administrators PwC released a statement which read: “Matthew Callaghan, Ian Green and David Baxendale of PwC have today been appointed as joint administrators to Conviviality Plc. “Conviviality Plc continues to engage with parties…
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5 AprilHigh Street
Magners cider owner buys Conviviality wholesale division
The owner of Magners cider, C&C, has completed a deal to acquire Conviviality’s wholesale distributors. The beverage supplier and retailer has sold its Bibendum and Matthew Clark brands, with the support of brewer AB InBev. C&C was in early morning talks with Conviviality on 4 April, and by the end…
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