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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Aug- 2019 -7 AugustOnline & Digital
Boohoo acquires Karen Millen and Coast putting 1,100 jobs at risk
Online fashion retailer Boohoo has acquired British brands Karen Millen and Coast, which were recently put up for sale by their owner Icelandic bank, Kaupthing. The group has acquired only the online business and all associated intellectual property rights from the administrators of Karen Millen Fashions Limited and Karen Millen…
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6 AugustHigh Street
Sports Direct acquires Jack Wills in pre-pack deal
Mike Ashley’s Sports Direct has acquired fashion retailer Jack Wills from administration, after administrators KPMG accepted the £12.75m offer tabled by the sports retail group. Jack Wills currently has 100 stores in the UK, employing around 1,800 people, with all properties and distribution centres to be transferred to Sports Direct…
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Jun- 2019 -27 JuneDIY
Bathstore goes into administration putting 500 jobs at risk
Bathroom retailer Bathstore has appointed audit and business advisory firm BDO as administrators as the company attempts to be sold as a going concern. The retailer has 135 stores across the UK and employs 531 staff; it will continue to trade as normal. Ryan Grant, BDO business restructuring partner, said:…
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12 JuneHigh Street
Select CVA secures 87% creditor approval
Proposals for the Company Voluntary Arrangement (CVA) for high street fashion retailer Select has been approved by 87% of its creditors. The company, which is owned by Genus UK, previously fell into administration on 9 May 2019. Following this, joint administrators, Andrew Andronikou, Brian Burke and Carl Jackson of business…
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May- 2019 -21 MayAdvice
Retail landlords must stay focused in the face of CVAs
Recently announcing its restructuring plans, Debenhams has joined a long line of casualties for the UK High Street. With the culture of company voluntary arrangements (CVAs) still apparent, it is often the commercial landlords who find themselves left high and dry, faced with losing tenants and slashes to their rental…
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10 MayHigh Street
Select officially enters administration
Embattled retailer Select has officially entered administration, placing 1,800 jobs at risk. Business advisory firm Quantuma has been appointed as administrators of Genus UK Ltd, trading as Select. Select, which operates from 169 stores across the UK, was muted to fall into administration earlier this week and has now confirmed…
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8 MayClothing & Shoes
Select set to fall into administration
Struggling fashion retailer Select is set to enter administration within the next 48 hours putting potentially 2,000 jobs at risk . Select, which has around 180 stores across the UK, has appointed the advisory firm Quantuma to oversee the administration. Quantuma partner Andrew Andronikou told The Guardian: “The company will…
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1 MayAdvice
Can e-commerce save the high street?
According to PwC a record net 2,481 stores disappeared from the UK’s top 500 high streets in 2018 – 40% more than in 2017 – a worrying statistic for the future of the high street. Even the big retailers were not immune with Maplin, Toys R Us and Poundworld casualties…
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Apr- 2019 -15 AprilDepartment Stores
Debenhams CEO expected to step down
Debenhams CEO Sergio Bucher is expected to step down in the next few days, after lenders took control of the embattled department store’s chain last week. A source close to Bucher told the BBC: “Having stayed on and got the refinancing in place, Sergio thinks now would be the right…
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15 AprilAdvice
An opportunity for fashion retailers to shine
Almost everywhere we turn there are proclamations of retail doom, high street downfall and talk that things have never been so tough. Just last month, the fashion retailer Select announced that it was preparing to call in the administrators, putting 2,000 jobs at risk. However, there has also been some…
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