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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Apr- 2018 -5 AprilHigh Street
Magners cider owner buys Conviviality wholesale division
The owner of Magners cider, C&C, has completed a deal to acquire Conviviality’s wholesale distributors. The beverage supplier and retailer has sold its Bibendum and Matthew Clark brands, with the support of brewer AB InBev. C&C was in early morning talks with Conviviality on 4 April, and by the end…
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3 AprilHigh Street
Conviviality may face legal action from investors
Investors in Conviviality are considering the possibility of legal action against the board of the company amid claims they were misled over its financial health. According to The Times, the rapid demise of the drinks retailer has provoked suspicions about when the board first had concerns over its trading and…
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3 AprilEconomy
21,000 retail jobs lost or threatened so far this year
Over 21,000 jobs have been axed or put at risk in the first three months of the year as retailers struggle to break even. A Press Association analysis revealed that 21,413 staff members have already been made redundant or had their role threatened, with the majority being from large high-street…
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Mar- 2018 -29 MarchHigh Street
Conviviality administration announcement puts 2500 jobs in danger
Bargain Booze owner Conviviality has announced plans to file for administration within the next two weeks, after failing to secure a proposed £125m fundraising bid to avert bankruptcy. The unexpected £30m tax bill led to a suspension of the off-licence retailer’s shares on the junior market and the cancellation…
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23 MarchHigh Street
Toys R Us founder dies aged 94
The founder of Toys R Us, Charles Lazarus, has died aged 94, after a period of declining health. He founded the company and began selling toys 1957, after he returned from military service in the Second World War. The toy retail firm has issued the following statement: “There have been…
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14 MarchHigh Street
3,000 Toys R Us jobs to go as it confirms ‘controlled store closures’
All UK Toys R US stores are poised to shut down after administrators failed to find a buyer, resulting in a store closure programme and a possible 3,000 job losses. Toys R Us appointed Moorfields Advisory partners Simon Thomas and Arron Kendall to oversee an administration at the end of…
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9 MarchDIY
Countrywide farmers enters administration putting 735 jobs at risk
A buyer is being sought for retailer Countrywide Farmers, which has gone into administration putting 735 jobs at risk. The Worcestershire based supplier of agricultural goods, which employs more than 700 people and has 48 stores, has appointed administrators from KPMG to handle the sale of the business. According to…
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Feb- 2018 -28 FebruaryElectrical
Maplin and Toys R Us go into administration
Toys R Us and Maplin have both entered administration today, as last minute attempts to save the retailers collapsed. Toys R Us was facing a £15m VAT bill, however poor sales has meant it was unable to pay the debt. All of toy retailer’s 106 stores will continue to trade…
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Jan- 2018 -29 JanuaryClothing & Shoes
Fashion store East enters administration
Fashion retailer East has entered administrations, with 314 employees at risk of losing their jobs. Reports today said the brand closed 15 stores and five concessions stands in order to ‘off-load’ loss making shops. A tough trading environment, which has seen a high street footfall slump, is one of the…
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2 JanuaryUncategorized
DFS acquires Multiyork Furniture for £1.2m
Furniture retailer DFS has announced its acquisition of Multiyork Furniture for £1.2m. The retail group acquired eight store leases, with six stores intended to be converted to trade as Sofa Workshop, and two intended to be converted to DFS. Members of the retail teams at the eight transferred stores have…
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