Hilco
Hilco is a global financial services company specialising in asset valuation, advisory, and liquidation, with a significant presence in the UK retail sector. For retail professionals, Hilco’s activities often intersect with major developments in store closures, restructuring, and turnaround strategies, making it a key player to watch during times of market turbulence. Retail Sector’s coverage of Hilco includes breaking news on company acquisitions and disposals, in-depth analysis of administration processes involving high-street chains, and insights into how Hilco’s interventions shape the future of UK retail businesses. Our reporting also examines the operational and strategic implications for supply chain managers, ecommerce leaders, and retail executives navigating distressed retail environments.
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Sep- 2023 -4 SeptemberHigh Street
EY under fire over Wilko accounts oversight
EY, the auditor of Wilko, has reportedly come under fire for signing off the retailer’s accounts despite the firm warning that it did not have enough funds to cope with a sharp drop in sales. According to reports from This is Money, Wilko has been at risk of insolvency since…
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1 SeptemberClothing & Shoes
Superdry falls to £148m loss in FY23
Superdry swung to a loss of £148.1m in the year ended 29 April, down from a profit of £22.4m the prior year. As a result, the retailer has agreed a loan with Bantry Bay Capital for up to £80m this year, and a further £25m with Hilco Capital post year-end. …
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Aug- 2023 -8 AugustClothing & Shoes
Superdry agrees £25m secondary lending facility
Superdry has announced that it has agreed a deal with Hilco Capital Limited for a secondary lending facility worth £25m. The facility with Hilco is a 12 month term with the option to extend and is at an interest rate of 10.5% plus the Bank of England base rate on…
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7 AugustHigh Street
Wilko in need of over £70m in potential rescue deal
The prospective buyers of Wilko, the discount home goods retailer that is facing permanent closure, will have to invest upwards of £70m to rescue the business, The Times has reported. This comes as PwC, which is advising the retailer, is reportedly in talks with other rival discount retailers and two…
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3 AugustHigh Street
Wilko set to appoint administrators
Budget household and garden retailer Wilko has announced that it has filed a notice of intention to appoint administrators. The news comes as, earlier this year, the retailer was considering selling the company in a bid to secure its future. The retailer, which operates roughly 400 stores across the country…
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Jun- 2023 -12 JuneHigh Street
Wilko calls in advisors ahead of rent cut talks
Wilko has reportedly appointed property advisers ahead of crunch talks with landlords as the group looks to cut rents across its estate. According to Sky News, the group has drafted in property agent CBRE ahead of formal negotiations with shop owners, which are expected to start in the coming weeks.…
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May- 2023 -22 MayHigh Street
Wilko eyes CVA to slash costs
Wilko is considering entering into a company voluntary arrangement (CVA) to renegotiate rents and possibly close some of its stores in a bid to cut costs across the group, according to Bloomberg. Bloomberg reports that the struggling discount chain has reached out to PwC to explore its restructuring options, which…
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Mar- 2023 -29 MarchClothing & Shoes
Next acquires Cath Kidston for £8.5m with job losses expected
Next has agreed to acquire the brand name, domain names and intellectual property of Cath Kidston for £8.5m, with job cuts expected as the group is wound down and its remaining stores close. The group said the cathkidston.com domain will be licenced back to the administrators for a period of…
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28 MarchClothing & Shoes
Next eyes Cath Kidston acquisition
Next is reportedly in advanced talks to rescue the Cath Kidston brand, in a move that would further expand its portfolio following the acquisitions of Joules and Made last year. According to Sky News, a deal could be closed as early as today (28 March), though some sources told Sky…
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Feb- 2023 -17 FebruaryClothing & Shoes
Cath Kidston owner explores sale of business
The owner of the Cath Kidston is reportedly exploring a sale of the business only eight months after buying it. According to Sky News, owner Hilco Capital has been approached by a “number” of potential buyers who are interested in acquiring the modern vintage brand. Sources told Sky that Hilco…
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