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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Jun- 2020 -26 JuneShopping Centres
Intu collapses into administration
Intu has officially called in administrators, after weeks of speculation that the group was on the brink of collapse. The retail property giant issued a statement this morning stating that it was “likely” that the group would appoint administrators, after admitting that it had so far failed in reaching standstill…
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26 JuneCoronavirus
Intu admits appointment of administrators ‘likely’
Shopping centre owner Intu has admitted that it has so far failed in reaching standstill agreements with landlords and therefore is “likely” to appoint administrators. On 23 June 2020, Intu provided an update on discussions with key stakeholders to progress its standstill strategy ahead of the revolving credit facility covenant…
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23 JuneNews
Intu braces for administration
Intu has placed administrators on standby as a “contingency plan” in the event that discussions with lenders fail. Reports that the group placed KPMG on standby first surfaced earlier this month. The shopping centre owner has now confirmed that KPMG has been brought in after stating that a failure to…
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22 JuneClothing & Shoes
JD Sports in talks to appoint administrators for Go Outdoors
Sports fashion retailer JD Sports is reportedly lined up to bring in administrators for its Go Outdoors business. In a statement released this morning, JD Sports said: “The group can confirm that it has considered a number of strategic options for Go and that Go’s directors have lodged the notice…
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22 JuneHigh Street
Mothercare seeks new lenders amid franchising plans
Mothercare has confirmed it remains “on track” to become a “profitable” international franchise operation, with plans to operate in around 40 international territories. In its latest update, the retailer confirmed that discussions are ongoing with existing franchise partners in efforts to “establish a more sustainable and less capital-intensive business” going…
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10 JuneClothing & Shoes
Quiz places loss-making stores into administration
Quiz has revealed it is placing the division that runs some of its loss-making stores into administration. Quiz said that in order to “protect the future” of the company it has decided to appoint joint administrators from KPMG to the group’s 82 standalone stores in the United Kingdom and the…
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5 JuneCoronavirus
Victoria Secret’s UK arm falls into administration placing 800 jobs at risk
Victoria’s Secret has announced it has drafted in Deloitte advisers as its UK division has fallen into administration, putting over 800 jobs at risk. The lingerie brand confirmed it has appointed advisers to assess the impact of Covid-19 on the business as it will conduct a “light touch” administration whilst…
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May- 2020 -29 MayClothing & Shoes
Monsoon Accessorize on brink of appointing administrators
Fashion retailer Monsoon Accessorize is reportedly on the brink of appointing administrators. According to Sky News, Monsoon’s owner Peter Simon is set to file a notice of intention to appoint administrators shortly. Reports also suggest Simon is lining up FRP Advisory to handle the process. As a result the move…
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20 MayHigh Street
Johnsons Shoes Company enters administration
Johnsons Shoes Company, which operates 12 stores under the brands Johnsons Shoes and Bowleys Fine Shoes, has entered administration due to the impact of the coronavirus pandemic. Ian Defty and Richard Toone from insolvency and restructuring firm CVR Global have been appointed as administrators, and have opted to keep all…
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5 MayAdvice
Supermarket Peep: a glimpse at UK shopping behaviours in the now
As we sit in our make-shift offices, attempting to keep a work-life balance and ponder where we will go on our permitted once daily exercise, it’s hard to walk past the local parade of shops or high street and not wonder when or even if normality will ever be the…
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