All Insolvency & administration articles
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NewsPoundland founder rules himself out of 11th-hour bid to save retailer
Poundland founder Steve Smith told Retail Week the retailer’s filing last week of a notice to appoint administrators would present “a problem” for any 11th-hour bidders looking to save the stricken brand.
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NewsTGJones owner Modella circles fashion brand Joseph
Modella Capital, the owner of TG Jones and Flying Tiger Copenhagen, is reportedly eyeing up a bid for British luxury fashion brand Joseph.
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NewsGovernment ‘keeping options open’ over potential Poundland collapse
The business secretary has signalled the government is ready to take action against Poundland’s US owner if they feel the retailer is wrongly forced to shutter.
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Opinion‘A stench hangs over Poundland’s demise’
After the value retailer filed an intention to appoint administrators, questions are being asked of owner Gordon Brothers about why it ended up in such a parlous position, says George MacDonald
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NewsBurnham says government ‘ready to support’ Poundland workers
The prime minister also called for answers about why owners of the business would turn down an offer that would have saved jobs.
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NewsPoundland files notice of intention to appoint administrators
Value retailer Poundland looks poised to be put into administration, barring any last minute deal.
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NewsPoundland owner restricts retailer’s access to funding
Gordon Brothers, the owner of Poundland, has limited the value retailer’s access to financing, further raising fears of an administration, Retail Week understands.
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NewsPoundland situation condemned as ‘unexpected, unwanted and wholly avoidable’
The possibility of a break-up of Poundland has been greeted with dismay at the value retailer, Retail Week can reveal.
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NewsB&M and Lidl enter Poundland race as sale process ramps up
Discount supermarket chain Lidl and value retailer B&M have both reportedly entered the race for Poundland, as the race to snap up some or all of the struggling chain intensifies.
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NewsHMRC raids Moda In Pelle head office as part of tax probe
HM Revenue & Customs has raided the head office of troubled footwear retailer Moda in Pelle as part of its ongoing investigation, West Yorkshire Police have confirmed to Retail Week.
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NewsGordon Brothers signs new licensing partner for Radley
Gordon Brothers has appointed Lloyd Baker Leather as its first licensing partner for Radley.
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NewsLK Bennett owner to receive £3m in fees following rescue deal
LK Bennett owner Gordon Brothers is set to receive some £3m in consultancy and stock clearance fees, after acquiring the business out of administration earlier this year.
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NewsHarvey Nichols sale set to cost suppliers hundreds of millions
Luxury suppliers to Harvey Nichols are set to recover less than 15p in the pound after the luxury department store went into administration owing £270m to unsecured creditors.
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NewsFrasers to pay off former Harvey Nichols owner’s debt to stylists
Frasers Group has shared it is making goodwill payments to personal shoppers and stylists who were owed money by Harvey Nichols under its previous ownership.
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NewsHarvey Nichols acquired by Frasers Group
Frasers Group has scooped up luxury department store retailer Harvey Nichols in a pre-pack deal that preserves over 1,000 jobs.
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NewsKaren Millen to make brick-and-mortar return
Karen Millen is set to return to the British high street this week after more than seven years since the brand’s collapse into administration.
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NewsFrasers leads Harvey Nichols takeover race
Frasers Group has emerged as the frontrunner to secure a takeover of struggling luxury department store group Harvey Nichols.
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NewsMike Ashley casts doubt over Harvey Nichols’ prospects
Mike Ashley has raised concerns over the future of Harvey Nichols, stating it is in a “death spiral”, despite his retail empire being in the running to acquire it.
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FeatureHow Ted Baker is rebuilding its high street empire
Ted Baker has had quite the ride on the British high streets during its nearly 40-year reign.
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NewsTGJones restructuring plan waved through by court
Embattled high street retailer TGJones’ restructuring plan has been approved by the High Court, allowing the brand to push forward with its turnaround plan.