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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Mar- 2021 -29 MarchElectrical
Jessops files for administration
Camera retailer Jessops has filed a notice to appoint administrators following continued impacts of the ongoing lockdown restrictions. The firm’s owner, PJ Investment Group, has hired the restructuring advisor FRP to handle the process, and has also revealed that it is considering a company voluntary arrangement (CVA) in a bid…
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18 MarchClothing & Shoes
Ralph and Russo enters administration
Ralph and Russo has announced that it has been placed into administration putting its 400 worldwide employees at risk. Last week, a spokesman for the brand told Sky News that the company would “fight any attempt” by creditors to force it into insolvency. Following a year of affected trading caused…
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Feb- 2021 -23 FebruaryClothing & Shoes
GMB slams Arcadia collapse scandal
GMB has criticised the “scandal” regarding the collapse of retail group Arcadia, revealing that the taxpayer will have to pay out the redundancy packages of sacked employees. The union also took aim at administrators Deloitte for “making millions” for their services during the sale of Phillip Green’s former retail empire.…
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19 FebruaryHigh Street
Arcadia owed creditors £800m upon collapse
Arcadia, the owner of Topshop, Dorothy Perkins, and Miss Selfridge, reportedly owed £800m to its creditors upon its collapse in November. According to documents seen by the Guardian, the group’s debts were propped up by a pension deficit of £510m when Big Four accountancy firm Deloitte were called in to…
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1 FebruaryClothing & Shoes
Asos acquires Topshop and Miss Selfridge for £265m
Asos has confirmed it has acquired the Topshop, Topman, Miss Selfridge and HIIT brands for a total of £265m, following mass speculation that the Arcadia brands would be snapped up by the online retailer. The group said the acquisition marks a “compelling strategic opportunity” in support of its aim to…
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Jan- 2021 -29 JanuaryM&A
Boohoo confirms exclusive Arcadia talks
Just days after Boohoo confirmed the acquisition of Debenhams, the online retailer has announced it is in exclusive talks with Arcadia to purchase three of the collapsed group’s brands. In a short statement Boohoo said it was exclusive discussions with the administrators of Arcadia over the acquisition of the Dorothy…
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27 JanuaryHigh Street
Arcadia collapsed owing creditors £750m
Philip Green’s retail empire, Arcadia, reportedly fell into administration while owing its creditors £750m. The debts, first reported by the Telegraph, largely comprised Topshop’s gross liabilities of over £550m, with Outfit also owing £80m. The figure, which is believed to exclude the group’s unsecured debt to HMRC surrounding its retirement…
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27 JanuaryHigh Street
Paperchase rescued in pre-pack Permira deal
The majority of Paperchase stores are reportedly set to be rescued in a pre-pack deal that is poised to save around 1,000 jobs. According to Sky News, the rescue deal will be led by private equity giant Permira, with a deal expected to be agreed later today (27 January). Permira,…
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26 JanuaryClothing & Shoes
JD Sports mulls £400m share placing
JD Sports Fashion is reportedly eyeing up an equity sale of around £400m as it “eyes further opportunities” to expand across the globe. According to Sky News, the group’s board is considering launching the placing as early as this week, with insiders stating that the amount will be “in the…
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25 JanuaryM&A
Asos joins the Topshop race
Asos has emerged as a contender to acquire Topshop, just days after highstreet retailer Next was forced to pull out of the race. In an update to the London Stock Exchange, the digital fashion retailer confirmed that it was in “exclusive talks” with Arcadia administrators to purchase the Topshop, Topman,…
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