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.
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Apr- 2021 -15 AprilSupermarkets
Asda in talks with bakery staff as store ditches ‘scratch’ baking
Asda is in redundancy talks with a number of staff after deciding to close nine of its bakeries as part of proposals to “transform” its in-store baked goods offering. Asda, which is Britain’s third-largest grocery chain, said that move comes after it noticed a “shift” in customer buying behaviours in recent…
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12 AprilHigh Street
Hundreds of Bonmarché jobs at risk amid reports some stores may never reopen
Hundreds of jobs at Bonmarché are reportedly at risk as administrators struggle to decide how many stores should open as the ban on non-essential retail lifts. According to The Telegraph, administrators RSM have been “reviewing” options for the company’s 148 store estate – noting that many of the stores may…
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12 AprilShopping Centres
Hammerson mulls £350m retail park sales
Shopping centre owner Hammerson has confirmed it is in talks to complete the sale of seven retail parks to Brookfield, a Canadian private equity firm, for roughly £350m. According to the Times, the funds will be used to strengthen the group’s balance sheet, providing the quickest way for the group…
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12 AprilHigh Street
Monsoon opens new boutique store in London
Monsoon has opened a new boutique store today (12 April) On London’s Marylebone High Street. The store is part of a “refresh of Monsoon”, taking the brand “back to its roots”, and aims to celebrate its “heritage, craft and commitment to sustainability and ethical trade”. The Marylebone High Street location…
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7 AprilM&A
Frasers Group calls for Peacocks sale inquiry
Frasers Group has reportedly called for an investigation to be launched into the sale of fashion chain Peacocks to an international consortium backed by chief operating officer, Steve Simpson. According to the Guardian, Mike Ashley, owner of Sports Direct and House of Fraser, was beaten in his Peacocks takeover bid…
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Mar- 2021 -30 MarchOnline & Digital
Studio appoints new CEO
Studio Retail Group has announced the appointment of Paul Kendrick as its new company CEO. The group manages market leading businesses in the UK digital retailing and education supplies markets, mainly being a retailer and distributor, handling and supplying specialist products manufactured by third parties. Kendrick took on the role…
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29 MarchElectrical
Jessops files for administration
Camera retailer Jessops has filed a notice to appoint administrators following continued impacts of the ongoing lockdown restrictions. The firm’s owner, PJ Investment Group, has hired the restructuring advisor FRP to handle the process, and has also revealed that it is considering a company voluntary arrangement (CVA) in a bid…
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17 MarchHigh Street
New Look faces court battle with landlords over CVA terms
New Look has reportedly entered a High Court battle with four landlords – including British Land and Land Securities – over its proposed restructuring plans. According to The Times, the fashion retailer is being challenged by landlords over its CVA, a restructuring procedure which was agreed last year, that switched…
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12 MarchClothing & Shoes
Mothercare to float on junior stock market
Mothercare has announced its intentions to float on admission (AIM) on the junior stock market at £0.01 per ordinary share. Following this move, the company stated that its admission of the ordinary shares on the main market of the London stock exchange and to the premium listing segment of the…
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11 MarchDepartment Stores
John Lewis swings to £517m loss, warns of further closures
The John Lewis Partnership has swung to a pre-tax loss of £517m in the full-year ended 31 January 2021, down from a profit of £146m reported the year before. This was largely the result of “substantial” exceptional costs of £648m, which included the write down in value of John Lewis…
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