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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Feb- 2019 -4 FebruaryEntertainment
Canadian record shop owner ‘enters race’ for HMV
Doug Putman, the owner of Canadian record store chain, Sunrise Records, is said to be interested in purchasing HMV. The retail boss would rival Sports Direct owner, Mike Ashley, who has already placed a bid for the entertainment retailer. HMV administrators KPMG refused to comment on Putman’s interest, which was…
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Jan- 2019 -21 JanuaryHigh Street
Chapelle enters administration
Jewellery and watch retailer Chapelle has entered into administration, four years after it was sold to HMV owners Hilco UK. Philip Duffy and Sarah Bell of accountancy firm Duff & Phelps have been appointed as administrators of both Mortimer Management Group and The Jewellery Outlet, which makes up Chapelle. The…
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2 JanuaryClothing & Shoes
Online retailer Mahabis falls into administration
Mahabis, a specialist online retailer known for its premium slippers, has announced it has gone into administration. The company has ceased trading since it enlisted administrators KPMG on 27 December. It also warned that any customers who returned items would have an “unsecured claim” for any funds owed and added…
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Dec- 2018 -3 DecemberHigh Street
240 Crawshaw jobs saved following £1.4m deal
As many as 240 jobs at meat retailer Crawshaw have been saved following a £1.4m deal which will see its last 19 stores sold to butchery chain Tom Cribbin for £1.4m. Last month, Crawshaw announced it has entered administration, putting 600 jobs at risk across its 42 stores. A Crawshaw…
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Nov- 2018 -19 NovemberHigh Street
Evans Cycles to close stores despite ‘almost all profitable’
Evans Cycles is set for store closures despite a recent administrators proposals document by accountancy firm PricewaterhouseCoopers (PwC) claiming “almost all the stores were profitable”. In the document, PwC found that the company’s financial woes mainly stemmed from being “burdened” by costs at its head office. Last month it was…
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1 NovemberEconomy
600 jobs at risk as Crawshaws enters administration
Meat retailer Crawshaws has announced it has entered administration, putting 600 jobs at risk across its 42 stores. A Crawshaws spokesperson told Retail Sector that the company blamed its financial woes on “increasing competitor pressures on the high street”, namely “discount activity from the likes of Aldi and Lidl”. According…
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Aug- 2018 -23 AugustClothing & Shoes
Crew Clothing acquires Saltrock Surfwear
Saltrock Surfwear, a leisurewear and accessories retail brand based in Devon, has been sold to Crew Clothing Group via a pre pack administration. David Pike and Mark Orton from KPMG were appointed joint administrators to Saltrock Surfwear Limited on 17 August. Immediately upon their appointment, they concluded a sale of…
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10 AugustHigh Street
Irish retail family in talks to save Poundworld
Poundworld could be saved in a last minute rescue as an Irish retail family is in talks with its administrators to purchase some of the stores. The Hendersons founded Irish company Poundworld in 1984 and sold it in 2007. The retail chain has no relation to the Poundworld UK. The…
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10 AugustDepartment Stores
House of Fraser site offline as administration threatens 17,500 jobs
House of Fraser has appointed administrators after talks with investors and creditors were “not concluded in a solvent solution”. The department store currently employs 17,500 people across its 59 stores of which 31 have already been earmarked for closure. Despite the administration all House of Fraser stores are expected to…
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7 AugustClothing & Shoes
Phillip Day to snap up Jacques Vert
Retail boss Phillip Day is said to be preparing to add womenswear brand Jacques Vert to his retail portfolio, which has already seen the recent addition of Jaeger. Day will look to acquire the struggling brand through a separate company to Edinburgh Woollen Mill according to Sky News. The deal…
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