Administrators
This coverage explores the pivotal role of administrators in the UK retail landscape — from corporate restructuring and insolvency proceedings to business recovery and turnaround strategies. Retail Sector reports on high-profile administrations, creditor processes, and store closures affecting major retail brands, high streets, and shopping centres. Coverage also includes expert analysis of the financial, operational, and legal factors that lead to administration, as well as insights into how these events reshape competition, employment, and supply chains across the sector. Our editorial provides professionals with the context and intelligence needed to navigate financial distress and transformation within the retail market.
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Jul- 2023 -12 JulyClothing & Shoes
Hotter Shoes seeks funding to avoid administration
Clothing company Unbound Group, the owner of Hotter Shoes, is reportedly looking to secure £2m in emergency funding in an attempt to avoid falling into administration, according to Sky News. On 27 June in a stock exchange announcement Unbound Group said it had terminated a formal sale process for the…
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3 JulyNews
Retail insolvencies rise by 56% to record high
The number of retail business insolvencies jumped 56% in the past year to hit 1,942, up from 1,243 in 2021/22, and the highest levels in at least a decade, new research from international law firm RPC shows. Despite the challenges faced by the sector, the insolvency of financially weaker retail…
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May- 2023 -24 MayFeatures
Will businesses survive after entering into administration?
Can you tell me about yourself? I am a chartered accountant and I lead the expanding retail and consumer goods sector, responsible for defining and implementing the Mazars strategy for our consumer clients. I’m also a consulting partner that brings insight and value to clients by directing our full suite…
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9 MayClothing & Shoes
Regulator to investigate Joules auditor Deloitte
The Financial Reporting Council (FRC) has launched an investigation in relation to Deloitte’s audit of clothing retailer Joules. The investigation will examine Deloitte’s audit of the group’s consolidated financial statements for the year ended 30 May 2021. The retailer fell into administration last year, appointing administrators from Interpath Advisory to…
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Apr- 2023 -25 AprilSupermarkets
Planet Organic founders acquire grocer out of administration
Bioren Limited, whose shareholders include the founders of Planet Organic, Renée and Brian Elliott, has beaten out competition from Sainsbury’s to acquire the majority parts of the business and its assets. The deal will see 10 Planet Organic stores continue to trade in locations throughout London, safeguarding 194 jobs in-store…
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20 AprilClothing & Shoes
David’s Bridal enters administration
David’s Bridal UK has entered administration after its US owner filed for bankruptcy. David’s Bridal UK Ltd is a subsidiary of the “long-established” David’s Bridal LLC which is headquartered in Pennsylvania, United States of America. The US arm filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy…
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19 AprilSupermarkets
Sainsbury’s joins bidders for Planet Organic
Sainsbury’s has reportedly launched a bid for Planet Organic’s name and intellectual property assets, according to reports from Sky News. It is believed that any potential deal is likely to be implemented through an insolvency process. Sources told Sky said the grocer’s interest was “speculative” and downplayed the chances of…
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17 AprilClothing & Shoes
Just Hype rescued in pre-pack administration deal
Streetwear brand Just Hype has been rescued from collapse following a pre-pack administration deal, according to Drapers. Drapers reported that investor Sarjan Dulai has acquired the business for an undisclosed sum in a move that has saved 82 jobs. The Leicester brand had reportedly faced collapse amid falling sales and…
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13 AprilHealth & Beauty
Holland and Barrett eyes move for Planet Organic
Health foods chain Holland and Barrett is reportedly weighing up a last minute rescue deal for Planet Organic, according to reports from Sky News. Reports suggest that Holland and Barrett, which already has a supplier relationship with the company, is one of a number of suitors who are interested in…
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10 AprilHigh Street
Wilko collapses into administration, 12,000 jobs at risk
High street homeware retailer Wilko has collapsed into administration, putting around 12,000 jobs at risk. In an open letter confirming the news, CEO Mark Jackson said the business had left “no stone unturned” in an attempt to keep the business afloat but has conceded it has “no choice but to…
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