Restructuring
Restructuring in the UK retail sector involves the strategic changes retailers make to strengthen their financial position, streamline operations, and adapt to evolving market conditions. Retail Sector provides comprehensive coverage of restructuring activity, including breaking news on administrations, CVAs, and refinancing deals, alongside expert analysis of the operational and strategic implications. Our reporting helps retail executives, store owners, ecommerce leaders, and supply chain professionals understand how these developments impact the wider retail landscape, offering insights into recovery plans, leadership decisions, and business transformation across physical and digital channels.
-
Dec- 2022 -2 DecemberAnalysis
A ‘fall from grace’: what went wrong with Made.com
Made.com was once a force to be reckoned with in the retail landscape. Having launched 12 years ago, the group had since enjoyed a rise to dizzying new heights. The company used sleek marketing to tap into its millennial customer base, and became one of the most popular destinations for…
Read More » -
1 DecemberHigh Street
Hotel Chocolat falls to £9.2m loss in FY22
Hotel Chocolat has fallen to a pre-tax loss of £9.2m in its latest full-year results, down from a profit of £3.7m the prior year, with results in part affected by the restructuring of its joint venture in Japan. The group noted that without impairments from its business operations in Japan…
Read More » -
Nov- 2022 -17 NovemberClothing & Shoes
Joules collapses into administration
Joules has officially appointed administrators and is set to be wound up after talks with potential investors collapsed, with up to 1,600 jobs at risk. Will Wright, Ryan Grant and Chris Pole from Interpath Advisory have been appointed joint administrators of Joules Group plc and Joules Limited. At the same…
Read More » -
Oct- 2022 -20 OctoberHigh Street
Wilko calls in advisers amid cost-cutting measures
Wilko has reportedly drafted in Teneo as advisors as the retailer seeks to cut costs across the business amid the cost-of-living crisis, according to Retail Week. Wilko is reportedly mulling potential cost-cutting and restructuring options as it seeks to shore up its balance sheet. Rising inflation, shipment delays and store…
Read More » -
17 OctoberOnline & Digital
Eve Sleep calls in administrators as it abandons sale process
Mattress company Eve Sleep has reportedly appointed New York-based Kroll Advisory as its administrator after abandoning its efforts to secure a buyer. The business is said to have tried restructuring and reducing its cost base, but “lacked” the scale to continue as an independent business. The news comes as the…
Read More » -
Sep- 2022 -30 SeptemberClothing & Shoes
Joules says turnaround plan is ‘going well’ amid CVA rumours
Lifestyle retailer Joules has confirmed that it has appointed Interpath Advisory to help the company with its turnaround plan. The retailer confirmed the news in a statement released yesterday (29 September) which revealed that the financial advisors are “assisting the board with an initial assessment of certain elements as part…
Read More » -
21 SeptemberNews
Eve Sleep losses widen amid ‘appalling’ market conditions
Eve Sleep, a direct-to-consumer sleep wellness brand, has reported EBITDA losses of £4.2m for the first half of 2022, compared with a loss of £1.9m for the same period the year prior. The report saw revenues down 16% to £11.6m for the six months ended 30 June 2022, compared with…
Read More » -
12 SeptemberHigh Street
Wilko restructures rent payments ahead of Christmas
The discount retailer, Wilko, is reportedly making changes to its rent payment schedule, according to The Sunday Times, as the brand looks to “conserve cash” in the run-up to Christmas. The news comes as retailers are experiencing unprecedented cost pressures, with Wilko citing supply-chain volatility and inflation as major concerns.…
Read More » -
6 SeptemberShopping Centres
Bon Accord owners placed in administration
The Guernsey-based owners and operators of the Bon Accord shopping centre in Aberdeen, Aberdeen Retail 1 Limited and Aberdeen Retail 2 Limited, have reportedly been placed in administration. It is reported that the administration has been caused by “unsustainable” cash flow problems stemming from the on-going impact of the Covid-19…
Read More » -
Aug- 2022 -25 AugustSupermarkets
Iceland’s debt rating downgraded as it falls to pre-tax loss
Iceland’s debt rating has been downgraded by Moody’s as its newly filed accounts showed Iceland Foods fell to a pre-tax loss of £4.1m for the 52-week period ended 25 March 2022, compared to a profit of £73.1m in the prior year. Sales dropped 4.3% from £3.7bn to £3.5bn year-on-year, compared…
Read More »
