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.
-
Mar- 2025 -18 MarchClothing & Shoes
Select Fashion nears collapse, 35 stores to close
Select Fashion is reportedly on the verge of collapse, with 35 stores set to close if it falls into liquidation. According to documents seen by The Sun, the clothing brand has drafted in advisers from Moorfields to oversee the liquidation of the business. Directors at the brand reportedly said Select…
Read More » -
Feb- 2025 -20 FebruaryNews-In-Brief
Today’s news in brief-20/2/25
Fashion retailer Quiz has appointed administrators to its subsidiary Zandra Retail, resulting in the closure of 23 loss-making stores and the loss of around 200 jobs. Advisory firm Teneo will oversee the administration process, while Orion Retail Limited, owned by Quiz’s founding family, will acquire certain assets, including 42 stores,…
Read More » -
20 FebruaryClothing & Shoes
Quiz appoints administrators, 200 jobs lost
Quiz has confirmed it has called in administrators, in a move that will result in the closure of 23 “loss-making or unsustainable” stores amid ongoing trading challenges for the group.According to Sky News, the move will result in the loss of around 200 jobs following the closures. Advisory firm Teneo…
Read More » -
14 FebruaryNews-In-Brief
Today’s news in brief-14/2/25
The fast fashion retailer In The Style is reportedly preparing to appoint administrators as its financial struggles deepen. Acquired by Baaj Capital for just over £1m in 2022, the company saw revenues plummet from £46m to £30.4m in the year ending March 2024, with UK sales dropping to £29m. Despite…
Read More » -
14 FebruaryClothing & Shoes
In The Style owners line up administrators
In The Style is reportedly on the brink of insolvency less than two years after it was sold to Baaj Capital for just over £1m, according to reports from Sky News. According to Sky, FTS Recovery is being lined up to act as administrator to the company, which was founded…
Read More » -
Jan- 2025 -29 JanuaryClothing & Shoes
Quiz close to administration following AIM delisting
Embattled fashion retailer Quiz is reportedly set to appoint administrators only days after its shares were delisted from the stock market, according to Sky News. The outlet claims that Quiz is set to appoint global advisory firm Teneo to help oversee a pre-pack insolvency that will allow the founding Ramzan…
Read More » -
Dec- 2024 -24 DecemberDIY
The Range to open at three former Homebase stores in January
The Range will be opening the first three of its new-format stores on 17 January 2025, having acquired the Homebase brand and up to 70 of the retailer’s stores in November 2024. Known as The Range Superstore, the three branches will open in Pollokshaws in Glasgow, Christchurch in Bournemouth, and…
Read More » -
Nov- 2024 -29 NovemberDIY
Kingfisher and M&S eye remaining Homebase sites
Kingfisher and Marks and Spencer are reportedly eyeing more than 20 of Homebase’s stores after the DIY company fell into administration earlier this month.According to Sky News, the two companies are among several retailers circling the remaining Homebase estate ahead of a deadline for offers today (29 November). The two…
Read More » -
20 NovemberClothing & Shoes
Ted Baker relaunches UK website
Ted Baker has relaunched its ecommerce website under its new operator in the UK following its collapse earlier this year. The new website currently only ships exclusively to the UK but states that European versions are coming soon. It is the first move from United Apparel and Legwear (ULAC), the…
Read More » -
14 NovemberNews-In-Brief
Today’s news in brief-14/11/24
The Range and Wilko owner, CDS Superstores, has acquired 70 Homebase stores after the DIY retailer entered administration. This move, intended to save about 1,600 jobs, will allow Homebase stores to continue operating under CDS while administrators from Teneo Financial Advisory manage the transition. Homebase’s decline, attributed to low consumer…
Read More »
