Begbies Traynor

Today’s news in brief-21/12/23

Frasers Group has confirmed its acquisition of the Matches business from MF Intermediate Limited in a deal estimated at £52m.…

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4,500 retailers in critical financial distress, new data reveals

Nearly 4,500 retailers are now in critical financial distress as poor consumer confidence, “sticky” inflation, and elevated interest rates force…

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Falling into administration – should you be worried?

Since the beginning of a new decade, we have heard of many high-profile retailers such as Made, Missguided, Joules, Paperchase,…

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Paperchase to shut all stores after failure to find buyer

Paperchase’s remaining 106 stores will be closing, The Times has reported, after its administrators failed to find a buyer for…

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Gear4Music profit dips in FY22

Gear4Music has reported gross profits of £41.1m in FY22, 11% below its “exceptional”, Covid boosted results in FY21, but 32%…

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Ralph and Russo bought out of administration

Ralph and Russo has been bought out of administration by Retail Ecommerce Ventures (REV), who made an undisclosed bid amount…

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Ralph and Russo takeover on the rocks

The sale of womenswear brand Ralph and Russo is reportedly in doubt as businesses are unable to commit due to…

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Ralph and Russo enters administration

Ralph and Russo has announced that it has been placed into administration putting its 400 worldwide employees at risk. Last…

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Scarves for face-masks will be part of the government’s post-pandemic advice

The government will advise the use of homemade facemasks once the pandemic measures are sufficiently relaxed for people to go…

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BrightHouse collapses, 2,400 jobs at risk

BrightHouse has collapsed into administration, placing 2,400 jobs “at serious risk”. The rent-to-own home furnishings brand has now called in…

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