Begbies Traynor
This coverage examines Begbies Traynor’s work and insights within the UK retail sector, aimed at executives, managers, and industry professionals. Reporting includes corporate restructuring cases, insolvency trends, advisory roles, and analysis of retail business health. The content helps professionals understand risks, turnaround strategies, and market conditions affecting retailers and their stakeholders.
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Dec- 2023 -21 DecemberNews
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. The deal involves the purchase of 100% of the shares of six companies, along with the senior and junior debt owed by these entities. The transaction, to be settled in…
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21 DecemberNews
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 consumers to hold back from spending big, even in the run up to Christmas, according to new data from Begbies Traynor. Following its findings, which analysed the first 10 weeks…
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Apr- 2023 -5 AprilFeatures
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, M&Co and Kath Kidston fall into administration to varying degrees of success. This is no coincidence; during 2022, administrations were actually 55% higher than the previous year, according to government…
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Feb- 2023 -22 FebruaryHigh Street
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 the retailer’s remaining assets. The news of the closures, which will result in 900 redundancies, comes as Tesco purchased the stationery retailer’s brand and IP out of administration earlier this…
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Jun- 2022 -21 JuneOnline & Digital
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% ahead of its FY20 results. Its reported EBITDA was £11.2m during the period, 43% below FY21 yet 44% ahead of FY20, while active customers hit 0.92 million, 13% behind FY21…
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Jul- 2021 -2 JulyClothing & Shoes
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 to acquire the business and assets of the UK-based luxury brand. Paul Appleton of Begbies Traynor Group and Andrew Andronikou of Quantuma Advisory, who were acting as joint administrators, conducted…
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May- 2021 -26 MayClothing & Shoes
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 the impacts of Covid-19 on the sector. The company fell into administration in March following the resignation of Tamara Ralph, co-founder and creative director, after a “dispute” with fellow co-founder…
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Mar- 2021 -18 MarchClothing & Shoes
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 week, a spokesman for the brand told Sky News that the company would “fight any attempt” by creditors to force it into insolvency. Following a year of affected trading caused…
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Apr- 2020 -23 AprilBusiness Bites
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 back to work. As it tries to make sure that surgical-grade personal protective equipment (PPE) does not face supply issues for NHS workers, the government said scarves or ‘homemade cloth…
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Mar- 2020 -30 MarchCoronavirus
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 Grant Thornton as administrators following a period of poor trading amid the ongoing coronavirus pandemic. According to the BBC, Julie Palmer, from corporate recovery business Begbies Traynor, said that the…
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