Administration

Ted Baker plans to shut all UK stores within weeks

Embattled retailer Ted Baker is considering shutting all of its stores within the next few weeks, according to reports first…

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Today’s news in brief-23/7/24

Tapi Carpets and Floors Limited has acquired the Carpetright brand and 54 stores following its collapse into administration. While over…

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Tapi rescues Carpetright brand as 1,500 jobs lost

Rival brand Tapi has acquired the Carpetright brand and 54 of its stores out of administration but more than 1,500…

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Homebase owner considers sale amid interest from The Range

Homebase owner Hilco Capital is reportedly considering a sale after it was approached from The Range for the DIY retailer,…

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Carpetright rival close to rescue deal

Carpetright competitor, Tapi, is reportedly close to striking a deal to acquire the retailer out of administration, according to The…

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Mike Jatania enters exclusivity with Body Shop over rescue deal

Businessman Mike Jatania’s consortium, Auréa Group, has officially entered into an exclusivity agreement with the administrators of The Body Shop,…

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Retailers spend 300 hours a year fighting work admin, study finds

The average retail business is spending nearly 300 hours each year consumed with admin in their day-to-day jobs, according to…

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Today’s news in brief-11/7/24

The UK economy surpassed expectations with a 0.4% GDP growth in May 2024, boosted by improved weather conditions. The services…

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British entrepreneur close to Body Shop deal

British entrepreneur Mike Jatania is close to completing a rescue deal for The Body Shop, according to reports from Bloomberg.…

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Today’s news in brief-1/7/24

Several firms, including Gordon Brothers led by Mark Newton-Jones, are bidding to rescue The Body Shop’s UK business after its…

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