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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May- 2020 -1 MayCoronavirus
Intu appoints to chief restructuring officer to ‘fix’ balance sheets
Shopping centre owner Intu has announced the appointment of David Hargrave as chief restructuring officer to “fix” its balance sheet amid the Covid-19 pandemic. Hargrave has 33 years of experience in the transaction business of ‘Big four’ accounting firms, where he held senior positions at PwC, from 1987 to 200…
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Apr- 2020 -30 AprilCoronavirus
Oasis and Warehouse stores closed ‘indefinitely’, 1,800 jobs lost
Over 1,800 employees at fashion retailers Oasis and Warehouse are set to be made redundant after administrators failed to find a new buyer for the retailers. The fashion brands have now been sold to Hilco, a restructuring firm and former owner of HMV. Whilst Hilco agreed to buy the retailer’s…
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29 AprilNews
Former Sainsbury’s exec set to head Waitrose
The John Lewis Partnership is poised to appoint a former Sainsbury’s executive to head up its food operations at Waitrose in an effort to navigate the ongoing pandemic. According to Sky News, the group’s new chair, Dame Sharon White, has approved the appointment of Sainsbury’s veteran James Bailey for the…
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24 AprilCoronavirus Featured Content
Oasis and Warehouse fall: Will the coronavirus pandemic force my business into insolvency?
With the involuntary closure of many businesses forced by the UK-wide lockdown, previously successful companies are beginning to feel the strain and becoming more concerned about their future viability. Many retailers simply do not have the income or cash reserves to pay their creditors at this time. This is not…
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23 AprilClothing & Shoes
Gordon Brothers rescues Laura Ashley from administration
Embattled retailer Laura Ashley has been rescued from administration by global investment firm Gordon Brothers for an undisclosed sum. Gordon Brothers revealed it has acquired the global Laura Ashley brand, archives, and related intellectual property from the Laura Ashley group’s administrators PwC. Ramez Toubassy, president of brands for Gordon Brothers…
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22 AprilHigh Street
Cath Kidston shutters entire UK estate, over 900 staff made redundant
The administrators of Cath Kidston have confirmed that all 60 Cath Kidston stores in the UK have now closed, resulting in 908 staff being made redundant. Richard Fleming and Mark Firmin from restructuring practice Alvarez and Marsal were appointed as joint administrators to Cath Kidston yesterday. Immediately following the administrators’…
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17 AprilHigh Street
Laura Ashley appoints third administrator amid Covid-19 crisis
Embattled retailer Laura Ashley has appointed a third administrator amid growing pressure from the coronavirus pandemic sweeping the UK. PwC has confirmed that Rachael Wilkinson, business restructuring services director at the firm, has been appointed to support the business during this time. She joins Rob Lewis and Zelf Hussain of…
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15 AprilCoronavirus
Oasis and Warehouse collapse into administration
Fashion retailers Oasis and Warehouse have entered administration, putting over 2,000 jobs at risk. Rob Harding and Richard Hawes, restructuring partners at ‘Big Four’ accountancy firm Deloitte, have been appointed as joint administrators to Oasis and Warehouse Limited, Oasis Fashions Limited, Warehouse Fashions Limited, The Idle Man Limited and Bastyan…
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9 AprilCoronavirus
Arcadia seeks £50m in funding
Sir Phillip Green is reportedly seeking out £50m to prop up Arcadia Group amid the ongoing coronavirus crisis. According to Sky News, Green’s retail empire has approached banks and hedge funds in regards to borrowing £50m against its distribution centre in Daventry, Northamptonshire. The site, which opened last year, functions…
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Mar- 2020 -30 MarchCoronavirus
Government relaxes insolvency rules
The government has announced a set of changes to help improve the insolvency system to enable companies undergoing restructuring to continue trading. The relaxed measures announced by business secretary Alok Sharma, will allow companies undergoing restructuring to continue to access supplies and raw materials. It has also temporarily suspended wrongful…
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