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- 2025 -23 JuneLuxury Goods
Mulberry eyes £20m fundraising as losses widen
Mulberry has announced plans to raise £20m in funding as part of a turnaround plan to return to profitability, as it anticipates its full-year losses will widen. The group said it expects to report a profit loss before tax of around £23m, ahead of the £22.6m loss reported last year,…
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23 JuneClothing & Shoes
River Island to shut 33 stores with hundreds of jobs at risk
River Island is reportedly planning to shutter 33 shops as part of a restructuring plan that would see hundreds of jobs at risk, Sky News has reported. The family-owned group, which currently operates around 230 stores, confirmed the proposals on Friday (20 June) following reports that it was working…
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17 JuneHigh Street
Poundland confirms plans to shutter 150 stores
Poundland has confirmed that up to 150 stores and two distribution centres are set to close under a new restructuring plan, subject to court approval. Following Poundland’s acquisition by Gordon Brothers last week, an initial 68 stores will close, and along with rent reduction plans, its estate will eventually fall…
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17 JuneHigh Street
Poundland to halt rent payments at hundreds of stores amid restructuring
Poundland will reportedly pause rent payments at hundreds of shops if a restructuring plan is approved by creditors later this summer, Sky News has reported. Poundland’s new owner, investment firm Gordon Brothers, which acquired the retailer last week, is proposing to halt all rent payments at ‘Category C’ shops across…
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12 JuneHigh Street
Poundland sold to Gordon Brothers for £1
Pepco Group has announced that it has sold Poundland to investment firm Gordon Brothers for £1. The deal will provide the discount retailer with £80m in financing to be used for restructuring and turnaround. The business will continue to operate under the Poundland brand in the United Kingdom and under…
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9 JuneClothing & Shoes
River Island owners prepare rescue plan amid tough market conditions
High street fashion brand River Island has reportedly appointed advisers from PwC to draft a restructuring plan amid tough trading conditions, which could result in store closures and job losses, according to Sky News. Sources revealed to the outlet that although no definitive decisions have been made about the company’s…
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May- 2025 -7 MayPeople Moves
TOFS appoints former commercial director Tim Bettley as MD
The Original Factory Shop (TOFS) has appointed experienced retail leader and its former commercial director Tim Bettley as its new managing director. Bettley was most recently commercial director at Poundland and Dealz, and before that operated in the same role at TOFS from 2015 and 2018, during which time the…
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6 MayHigh Street
WH Smith buyer faces year-long ban from mass store closures
The new owner of WH Smith’s high street chain has effectively been banned from enacting widespread store closures for at least 12 months following the acquisition of the chain in March. According to Sky News, WH Smith would have the right to cancel a year-long transitional services agreement (TSA) with…
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Apr- 2025 -28 AprilFeatures
Why is Hilco Capital looking to acquire Lakeland?
British retail is no stranger to seeing a heritage brand acquired by a private equity firm. The latest name on that list seems to be family-owned homeware retailer Lakeland which is reportedly on the verge of being acquired by Hilco Capital. It was revealed in January that the company had…
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25 AprilHigh Street
Hobbycraft set to close nine stores
Hobbycraft is set to close nine stores, a move affecting up to 126 jobs, as part of a restructure led by new owners Modella Capital, it confirmed to the BBC. The restructuring will also result in redundancies across its Bournemouth head office and distribution centre in Burton-on-Trent but it has…
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