Administration

New Body Shop owner lines up working capital amid rescue deal

The new owners of The Body Shop are in advanced talks to secure more than £30m in working capital from…

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Ted Baker owner names operator for UK online business

The owner of Ted Baker has signed a deal with an American partner to manage the clothing brand’s e-commerce operations…

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Hobbycraft on brink of sale to retail investor

Hobbycraft is reportedly closing in on a sale to a specialist retail investor, Sky News has reported.  Modella Capital is…

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Topps Tiles rescues CTD Tiles out of administration

Topps Tiles has acquired the brand and assets of CTD Tiles in a £9m deal after the company fell into…

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Ted Baker to shutter remaining stores, 500 jobs at risk

The remaining 31 Ted Baker stores will permanently shutter this week, putting more than 500 jobs at risk. According to Sky…

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Avon UK owner files bankruptcy to avoid $1bn debt

The owner of Avon in the UK, Europe and Latin America, Avon Products Inc (API), has filed for Chapter 11…

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Today’s news in brief-12/8/24

Asda’s chair, Lord Rose, expressed embarrassment over the supermarket’s recent performance, citing a 5.3% drop in like-for-like sales and a…

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The Floor Room falls into administration, 201 jobs lost

The Floor Room, a sister company of Carpetright, has fallen into administration, causing a total of 201 redundancies across its…

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Today’s news in brief-5/8/24

Authentic Brands Group has announced strategic partnerships to bolster Ted Baker’s presence in the US and Canada. United Legwear &…

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Today’s news in brief-29/7/24

Ted Baker is reportedly considering closing all its UK stores within weeks. After entering administration earlier this year, the fashion…

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