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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Oct- 2020 -26 OctoberHigh Street
Mike Ashley considers Jaeger bid
Mike Ashley’s Frasers Group is reportedly considering the acquisition of “heritage” fashion brands Jaeger, Austin Reed and Jacques Vert from Edinburgh Woolen Mill (EWM) Group, according to The Sunday Times. Phillip Day’s retail group has struggled in recent months, shutting down 50 stores last week, as part of its administration…
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22 OctoberClothing & Shoes
TM Lewin owner eyes Jaeger bid
The owner of menswear retailer TM Lewin is reportedly considering a bid for Phillip Day’s embattled retail brand Jaeger. According to Sky News, Torque Brands, the investment vehicle formed by businessman James Cox, is one of a small number of businesses which have expressed interest in acquiring the brand. Jaeger…
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16 OctoberClothing & Shoes
Edinburgh Woollen Mill to shut 50 stores, 600 jobs at risk
Phillip Day’s Edinburgh Woollen Mill Group (EWM) is reportedly set to shutter 50 of its stores, placing around 600 jobs at risk, as it begins its restructuring process. According to The Telegraph, the majority of the closures will take place in its Edinburgh Woollen Mill and Peacocks chains and will…
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9 OctoberClothing & Shoes
Edinburgh Woollen Mill Group calls in administrators
Philip Day’s EWM Group, owner of retail brands Edinburgh Woollen Mills, Peacock’s and Jaeger has announced it is to appoint administrators to conduct a review of the business. In an update the group said it is “responding to the harsh trading conditions caused by the impact of the Covid-19 pandemic…
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Sep- 2020 -21 SeptemberClothing & Shoes
Philip Day considering sale of Peacocks and EWM
Retail tycoon Philip Day is reportedly considering the sale of his retail chains Peacocks and Edinburgh Woollen Mill (EWM) and has appointed FRP to seek out interest in the businesses. According to the Sunday Times, Day appointed FRP after receiving an unsolicited enquiry for Peacocks last month. The two chains…
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21 SeptemberHigh Street
Aldo UK sold to BIG
Aldo UK confirmed it has been sold to the Bushnell Investment Group (BIG). Administrators from accountancy firm RSM were appointed to the footwear retailer back in May. During this time, Aldo has managed to trade during the economic downturn resulting from Covid-19 and has opened three new sites. According to…
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Aug- 2020 -26 AugustSport & Leisure
Frasers Group to review Bob’s stores after Nike ends deal
Frasers Group has announced it has placed its US subsidiary Bob’s Stores under review after sportswear giant Nike ended its distribution deal. Frasers confirmed that Nike has notified the company that it will end its agreement with the outlet that operates from 24 stores in the US in MArch 2021.…
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24 AugustDepartment Stores
Debenhams owner calls in advisers for its own administration
The holding company of Debenhams, Celine Group Holdings, has appointed advisers to help prepare for its own administration. Celine confirmed that Philip James Watkins and Philip Lewis Armstrong of FRP Advisory have been appointed as administrators in respect of the company and its immediate parent company, Celine UK Newco 1…
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24 AugustSport & Leisure
Frasers Group buys DW Sports out of administration
Frasers Group has snapped up the assets of Dave Whelan Sports (DW Sports) from its administrators for a sum of £37m. According to the group, it has acquired certain assets relating to DW’s gym and fitness business, including certain stock but excluding the DW business names and IP. An additional…
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17 AugustHigh Street
Debenhams draws up contingency plans for potential liquidation
Debenhams has reportedly drawn up contingency plans in the event of a potential liquidation, as it continues to weather the Covid-19 pandemic. According to a report by Sky News, it is understood that Debenahmans has drafted in Hilco Capital to support the retailer if the sales process for the 242-year-old…
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