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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Aug- 2024 -28 AugustOnline & Digital
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 in the UK and Europe. Authentic Brands Group has struck a deal with United Legwear and Apparel Co (ULAC), with Ted Baker’s online operations set to relaunch in the UK this…
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21 AugustDIY
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 said to be in advanced talks to buy the arts and crafts retailer from the private equity firm Bridgepoint. Sources told Sky that a deal could be signed “within days”.…
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20 AugustDIY
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 administration this week. The deal includes the CTD Tiles brands, 30 stores, selected stock and its intellectual property from CTD Tiles Limited. CTD supplied tiles to the retail, trade and commercial…
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19 AugustClothing & Shoes
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 News, the closures come as talks over a licensing partnership between Frasers Group and Ted Baker’s owner, Authentic Brands Group (ABG), stalled. Ted Baker has already shuttered 15 stores across…
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14 AugustHealth & Beauty
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 bankruptcy as it tries to offload $1bn worth of debt, according to The Telegraph. The debt also includes millions of dollars in liabilities linked to lawsuits alleging that talc in…
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12 AugustNews
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 market share decline from 14.8% to 12.7%. He suggested it might be time for co-owner Mohsin Issa to reduce involvement. Asda has initiated a £50m store upgrade and £30m investment…
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12 AugustDIY
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 operations. Administrators at PwC were brought in last Friday (9 August) and closed the retailer’s 34 John Lewis concessions, one stand-alone store in London, and its online operation “with immediate…
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5 AugustNews
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 & Apparel Co. will oversee men’s sportswear, golf, and denim, managing wholesale operations and online platforms. Peerless Clothing will focus on tailored clothing, while BCI Brands will handle women’s sportswear and…
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Jul- 2024 -29 JulyNews
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 retailer has already shut 15 stores, resulting in job losses. The brand, now owned by Authentic Brands Group (ABG), is seeking a partner to manage its UK and Europe operations.…
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29 JulyClothing & Shoes
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 revealed by The Sun newspaper. Ted Baker has already shuttered 15 stores across the UK, resulting in the loss of 245 jobs, after the business behind the brand, No Ordinary…
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