Administration

Former Mothercare boss among The Body Shop bidders

Several private equity giants are reportedly eyeing a rescue bid for The Body Shop’s high street business, The Telegraph has…

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Fancy dress brand Smiffy’s sold to Ad Populum

Fancy dress retailer R.H. Smith and Sons, trading as Smiffy’s, has been sold to Ad Populum after falling into administration.…

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Inflation hits 2% target for first time in three years

UK inflation has hit its target for the first time in almost three years, as consumer price inflation eased to…

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Amazon to invest £23m in skills training for UK employees

Amazon has announced that it is investing £23m in skills training for employees across the UK.  The announcement comes as…

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Today’s news in brief-12/6/24

The UK economy stalled in April 2024, showing no growth after a 0.4% increase in March, as wet weather significantly…

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Ex-BHS directors fined £13m over ‘wrongful trading’

Two former directors of department store chain BHS have been ordered to pay at least £13m to creditors over their…

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Today’s news in brief-24/5/24

In April, retail sales volumes dropped by 2.3% following a 0.2% decline in March, primarily due to ongoing wet weather,…

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Ted Baker shuts down US stores and website

Ted Baker has reportedly shut down its North American-based stores and website after falling into administration. It is believed that…

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Superdry announces restructuring measures to avoid administration

Superdry has revealed its capital and restructuring measures to avoid running an emergency four-week sale process.  Earlier in April, the…

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Victorian Plumbing Group acquires Victoria Plum for £22.5m

Victorian Plumbing, the bathroom retailer, has announced the acquisition by Victorian Plumbing Limited, a subsidiary of the company, of the…

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