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.
-
Sep- 2019 -30 SeptemberClothing & Shoes
Miss Selfridge swings to £17.5m loss in 2018
Fashion retailer Miss Selfridge has reported a £17.5m loss for the year ending 1 September 2018. According to The Guardian, losses widened following more than £12m in one-off costs, mainly related to writedowns and redundancies. Sales also fell by 15% to £102m during the period, and the number of retail…
Read More » -
27 SeptemberHigh Street
British Land drops Monsoon CVA challenge
British Land has dropped its legal challenge against Monsoon Accessorize’s CVA plans. According to Sky News, The property investment firm, which owns Sheffield’s Meadowhall, has agreed to abandon its bid to to block Monsoon’s restructuring plans. The news now allows Monsoon to cut rents by between 25% and 65% across…
Read More » -
11 SeptemberHigh Street
Store closures hit record levels in the first half of 2019
The number of stores closing down in the first six months of the year has reached its highest levels, with 2868 closures recorded for the period. An average of 16 stores a day shut their doors, according to research by the Local Data Company (LDC) and accounting firm PwC. The…
Read More » -
6 SeptemberClothing & Shoes
Monsoon in legal battle with British Land over CVA plans
Monsoon is facing a legal battle with FTSE 100 property company British Land over its CVA plans. According to Sky News, the owner of Meadowhall shopping centre in Sheffield filed a challenge to block Monsoon’s restructuring plans which will see rents cut by between 25% and 65% across just over…
Read More » -
2 SeptemberHigh Street
Debenhams engages Deloitte for legal challenge against CVA
Debenhams has engaged ‘Big Four’ accounting and audit firm Deloitte in preparation to fight a legal challenge to its restructuring plan. In May, the retailer secured the backing from creditors to go ahead with a company voluntary arrangement (CVA), which earmarked 50 sites for closure and approved rent reductions at…
Read More » -
Aug- 2019 -29 AugustHigh Street
M&S at risk of falling out of FTSE 100
Marks and Spencer could fall out of the FTSE 100 unless it is able to increase its share prices by next Wednesday (4 September), according to a report by The Telegraph. It comes after Marks and Spencer reported a fall in both sales and profits in May, with the latter…
Read More » -
29 AugustHigh Street
Forever 21 reportedly contemplates filing for bankruptcy
American fast fashion retail chain Forever 21 is reportedly preparing for a potential bankruptcy filing, after restructuring and debt restructure talks stalled. The retailer wants to secure a potential debtor-in-possession loan to take the company into Chapter 11 bankruptcy, according to Bloomberg. A source told the publication, a bankruptcy filing…
Read More » -
28 AugustHigh Street
US landlords drop legal challenge against Arcadia
The two US landlords involved in the legal challenge against Arcadia’s company voluntary agreements (CVAs) have dropped their case, following “significant and constructive” dialogue. Arcadia received the challenge US property firms Vornado and Caruso in July, following the approval of seven CVAs in June. The CVAs will see all 11…
Read More » -
27 AugustLuxury Goods
FF Group searching for Links of London buyer
Links of London owner Folli-Follie Group (FF Group) has confirmed that it has appointed firms Deloitte and Savigny to the potential sale of the retailer. Last week Sky News reported that the group had been looking for a new owner, with sources telling the broadcaster it was “almost inevitable” a…
Read More » -
14 AugustHigh Street
Steinhoff confirms refinancing after accounting ‘scandal’
Poundland owner Steinhoff has confirmed refinancing of €9bn (£8.3bn) of debt after the company was involved in an accounting ‘scandal’ over the last few years. The group announced this in its half year report, where European revenue rose by 13% to €1.7bn (£1.57bn) for the period up to 31 March…
Read More »
