HSBC
This coverage explores HSBC’s influence on the UK retail sector through its financial services and advisory capabilities. Reporting includes lending trends, merchant services, digital payment innovations, sector-specific research, and leadership developments — all examined for their impact on retailers’ cash flow, investment decisions, and payment strategies. The content is tailored for finance directors, CFOs, retail operations managers, and executives responsible for financial planning and retail banking relationships.
-
Jun- 2019 -12 JuneHigh Street
Arcadia creditors approve CVA proposals
Retail group Arcadia, has announced that all seven of its company voluntary arrangements (CVAs) have today been approved by the required majority of the companies’ creditors, including its pension trustees, suppliers and landlords. The approval allows the retailer to restructure, closing around 23 stores, in a bid to prevent going…
Read More » -
May- 2019 -23 MayHigh Street
Arcadia to close 23 stores
Phillip Green’s Arcadia group has announced plans to close 23 stores as part of its restructuring plan, affecting up to 520 employees. The proposal will mean Burton, Dorothy Perkins and Topshop stores will close, in addition to rents being cut at another 194 stores. It added that the remaining 349…
Read More » -
Apr- 2019 -29 AprilHigh Street
Arcadia secures help from HSBC
Arcadia, which is owned by Phillip Green, has secured help from HSBC in order to reassure suppliers as the retailer seeks out a rescue deal. According to a report by The Times, HSBC agreed to stand behind Arcadia’s debts to suppliers, which have asked for advance payments since credit insurers…
Read More » -
Mar- 2019 -29 MarchDepartment Stores
Debenhams advisors should be ‘put in prison’, says Mike Ashley
Mike Ashley has hit out at Debenhams after the department store agreed on a refinancing scheme which could see its shareholders’ stakes wiped out. Debenhams released a statement yesterday (28 March) saying its bondholders were expected to back a £200m restructuring loan. In response, Ashley said “if there were any…
Read More » -
Feb- 2019 -5 FebruaryHigh Street
Oliver Bonas to open eight new stores in 2019
Fashion and jewellery retailer Oliver Bonas will open eight new stores in 2019, creating at least 80 new jobs as the firm enters new markets across the UK. The company said that “despite a turbulent retail climate”, Oliver Bonas has experienced “increasing demand” for its stores in new regions across…
Read More » -
Jan- 2019 -16 JanuaryClothing & Shoes
Jack Wills drafts in advisers
Fashion retailer Jack Wills has reportedly appointed accountancy firm EY to scrutinise and advise on its financial position. According to Sky News, EY – who are led by HSBC – have been brought in to assess its finances and help negotiate revisions to its borrowing covenants. The news comes just…
Read More » -
Jun- 2018 -20 JuneDepartment Stores
House of Fraser lenders agree to extend loans
House of Fraser has agreed an extension for its loans ahead of this Friday’s vote on a possible CVA that could see 31 stores close. According to the Press Association, the lender has conditionally agreed to a £125m loan as well as a £100m revolving credit facility providing the planned…
Read More » -
Mar- 2018 -21 MarchHigh Street
Mothercare appoints KPMG to avert collapse
Mothercare has called in accountants KPMG to handle its refinancing in order to avoid collapse. The childcare retailer appointed KPMG to help it obtain waivers for loan agreements with banking lenders HSBC and Barclays. Since the start of the year Mothercare, which has 152 shops in the UK and 1,131…
Read More » -
2 MarchHR
Royal Mail CEO leads celebration of women in business
More than 20 senior business women, including Royal Mail CEO Moya Greene, will take to the stage at Retail Week Live on International Women’s Day, celebrating the women in retail who have successfully ‘smashed’ through the glass ceiling. Moya Greene, CEO, Royal Mail, will present the opening keynote on International…
Read More » -
Feb- 2018 -26 FebruaryHigh Street
Leaked email reveals Philip Green ‘asked HSBC to find Arcadia buyer’
A newly leaked email suggests that Philip Green enlisted the help of HSBC to find a buyer for the Arcadia Group, despite his claims to the contrary last week. According to reports Green met with the banking giants managing director David Barraclough and UK chief executive Ian Stuart back in…
Read More »
