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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Jun- 2019 -25 JuneClothing & Shoes
New Look reports £522m loss amid cost saving efforts
Fashion retailer New Look has reported a statutory loss before tax of £522.2m in its full year results for the 53 Weeks to 30 March 2019. This was compared to the previous year’s loss of £190.2m, however the company said this was “principally driven” by £423.3m goodwill and brand impairment…
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17 JuneClothing & Shoes
US landlords file legal challenge against Arcadia CVA
A group of US landlords have filed a legal challenge against Philip Green’s Arcadia in light of the company voluntary agreements (CVAs) that were agreed last week, which will see its US subsidiary enter administration. According to The Sunday Times the group of property investment companies, led by Vornado, accuse…
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12 JuneDepartment Stores
Sports Direct challenges Debenhams CVA
Department store Debenhams has confirmed Sports Direct is among the parties which have sent applications to challenge its CVA which was voted through by creditors on 9 May. Debenhams went under the control of its lenders when it entered a pre-pack administration in April. Debenhams Group Holdings Limited, its subsidiaries…
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7 JunePeople Moves
New Look founder to step down
Following completion of its restructuring transaction announced on 3 May 2019 New Look’s founder, Tom Singh, has decided to retire at the end of June. Singh founded the fashion retailer in 1969 turning a single store in Taunton into a high street regular with around 400 stores across the UK…
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7 JuneClothing & Shoes
Monsoon delays CVA
Monsoon Accessorize is understood to have delayed its company voluntary agreement (CVA) after landlords failed to support Arcadia’s restructuring plans earlier this week. A number of landlords are said to have rejected Arcadia’s proposals, which involved rent cuts of up to 70% on 194 shops as they deemed it “too…
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6 JuneHigh Street
Arcadia delays creditors’ meeting
Retail company Arcadia has delayed its planned creditors meetings to vote on the company voluntary arrangement (CVA) with the revised meeting to take place on 12 June. The CVA is said to be vital to Arcadia’s restructuring and approval would allow the company to shut at least 23 stores in…
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5 JuneClothing & Shoes
Forever 21 ‘exploring restructuring options’
American fast fashion retail chain Forever 21 is reportedly exploring its financial options. Sources have told the media that the company is in talks with Apollo Global Management, an American private equity firm, regarding lining up potential debtor-in-possession financing in case the company needed to seek bankruptcy. The source told…
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May- 2019 -29 MayHealth & Beauty
Boots could close up to 200 stores
Boots owner Walgreen Boots Alliance (WBA) have plans to close up to 200 underperforming stores, according to Sky News. The health and beauty retailer which employs more than around 56,000 people, saw profits fall by more than 18% last year. The potential closures would see just under 10% of Boots’…
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24 MayHigh Street
Mothercare swings to £87.3m loss in 2018
Mothercare has reported losses before tax of £87.3m for the year ending 30 March 2019. UK like-for-like sales declined by 8.9% compared with the prior year, which the retailer said was “exacerbated” in the first half by reduced consumer confidence in the brand following the group’s refinancing, together with “wider…
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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…
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