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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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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Sep- 2018 -13 SeptemberAnalysis
How Wesfarmers’ takeover strategy almost sent Homebase ‘down under’
There are few home comforts for Homebase right now. The DIY chain confirmed on August 31 that it will close a further 42 stores later this year, resulting in 1,500 job losses. The home improvement and garden retailer has already shut 16 stores this year, following its acquisition by restructuring…
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Aug- 2018 -31 AugustOnline & Digital
The Cotswold Company appoints former HMV CEO as chairman
True, European retail and consumer sector specialist investor, has appointed Ian Topping as chairman of online furniture retailer, The Cotswold Company. Topping will work alongside the management team in driving the strategy and continued growth of the business. Topping will be resigning from his current role as chief executive at…
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31 AugustDIY
Homebase ‘very likely’ to enter administration if CVA isn’t passed
The future of Homebase is to be decided today as creditors vote on a CVA which would see the closure of 42 stores. Hilco Capital, the DIY retailer’s owner said that the company was “very likely” to enter administration if the CVA is not passed. Some Homebase landlords plan to…
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20 AugustDIY
Amazon ‘aggressive bidders’ for empty Homebase stores
Retail giant Amazon is looking to purchase empty Homebase stores from new owner Hilco in order to help increase its delivery capabilities. According to the Telegraph the online retailer is seeking to purchase the stores due to a shortage of warehouse stock in the UK, forcing retailers to look for…
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14 AugustDIY
42 Homebase stores to face the axe
DIY retailer Homebase has announced the closure of 42 stores, resulting in around 1,500 redundancies. The DIY chain has already closed 17 stores after it was bought out by restructuring experts Hilco for £1 in May, and is said to be filing for a CVA. Insolvency advisors Alvarez & Marsal…
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8 AugustDIY
80 Homebase stores to shutter affecting 1,000 jobs
Homebase will announce the closure of 80 stores next week resulting in the loss of 1,000 jobs. The DIY chain has already closed 17 stores after it was bought out by restructuring experts Hilco for £1 in May, and is said to be filing for a CVA. Insolvency advisors Alvarez…
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May- 2018 -25 MayDIY
Homebase sold for £1 putting 11,000 jobs at risk
Australian retail group Wesfarmers has sold Homebase to HMV owner Hilco Capital for a token £1. Hilco specialises in restructuring and refinancing other companies and will acquire all Homebase assets, including the brand, its store network, freehold property, property leases and inventory for the nominal amount. Homebase was acquired by…
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Apr- 2018 -5 AprilNews
HMV CEO resigns after five years at the helm
HMV chief executive, Ian Topping, has resigned in order to “take on a variety of part time challenges”. After leading the entertainment giant for the last five years, he will spend six months handing over the reins to a new management team. Current retail director, Neil Taylor, has been appointed…
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