All Insolvency & administration articles
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NewsBodycare snapped up by former Body Shop CEO
An investment group fronted by former Molton Brown and The Body Shop chief executive Charles Denton has acquired embattled beauty retailer Bodycare out of administration.
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NewsModella Capital demands rent cuts from Claire’s landlords
Private equity firm Modella Capital has demanded rent holidays until after Christmas from the landlords of the stores it acquired as part of its £3.6m deal to save the struggling retailer, Retail Week understands.
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NewsModella Capital weighs up bid for New Look
New Claire’s Accessories owner Modella Capital is understood to be considering a potential bid for womenswear brand New Look, Retail Week understands.
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NewsClaire’s snapped up by Modella Capital
Embattled fashion accessories retailer Claire’s has been bought out of administration by Modella Capital, which owns retailers TG Jones, Hobbycraft and the Original Factory Shop.
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NewsWestfield launches Allders Parade in former historic department store
Westfield owner Unibail-Rodamco-Westfield (URW) is poised to open the doors to a new retail development inside the historic Allders department store in Croydon this week.
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NewsAll remaining Bodycare stores to close as administrator fails to find buyer
All 57 remaining stores of embattled health and beauty retailer Bodycare are set to be shuttered before the end of the week after administrators Interpath failed to find a buyer for the chain, Retail Week can reveal.
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NewsPoundland axes over 100 roles in head office restructure
Poundland has axed more than 100 roles across its head office in Walsall as part of a company-wide restructure, Retail Week can reveal.
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NewsQuiz records double digit sales growth after restructuring
Scottish fashion brand Quiz has reported double digit sales growth in July and August, after completing what it called a “wide-reaching operational streamlining strategy” of the business.
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NewsLakeland owner and Dragons’ Den judge join growing list of Claire’s suitors
Lakeland owner Hilco and Dragons’ Den judge Touker Suleyman have both joined the growing list of suitors vying to salvage fashion accessores brand Claire’s out of administration.
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NewsHMV owner and WHSmith buyer eye up Claire’s deal
The buyer of WHSmith’s high street arm, Modella Capital, and HMV tycoon Doug Putman are potential buyers of bust retailer Claire’s Accessories.
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NewsBodycare to close raft of stores after appointing administrators
Beauty chain Bodycare is closing several UK stores and has appointed administrators as it battles with a “significant funding gap and increasing creditor pressure”.
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NewsFrasers Group acquires technology retailer Ebuyer out of administration
Frasers Group, whose business include Game, Sports Direct and Studio Retail, has acquired technology retailer Ebuyer out of administration.
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NewsHobbycraft announces it will shut more stores
Hobbycraft has announced that it will be closing more stores this month and in September.
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NewsClaire’s warns store managers to expect bailiffs as US bankruptcy impacts UK trading
Embattled retailer Claire’s has warned managers of its UK stores to expect bailiffs turning up to recover unpaid debts, Retail Week understands.
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InterviewTheo Paphitis: I’ve owned Ryman for 30 years, and this is what I’ve learned
Three decades ago, entrepreneur Theo Paphitis bought stationer Ryman out of administration. He built the business up and became one of the UK’s most recognisable businesspeople, but Covid almost killed Ryman.
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NewsNext buys maternity brand Seraphine and benefits from “trading disruption” at M&S
Next has aquired the maternity brand Seraphine and its IP from its administration as it posts strong second quarter sales growth.
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NewsRiver Island vote goes to the wire as retailer bets its survival on High Court judgement
Friday’s vote on River Island’s restructuring plans is likely to go to the wire with disgruntled landlords set to vote against it, although a High Court ‘cramming down’ judgement could yet save the brand
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NewsPepco Group brings in advisers to support Poundland transition to new owners
Former Poundland owner Pepco Group has drafted in an advisory firm to help with the value chain’s move to new owners.
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NewsRiver Island at risk of collapse “within weeks” without rescue plan - report
River Island is set to collapse “within weeks” unless a rescue plan can be agreed with creditors, according to a report in The Telegraph.
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NewsDebenhams “close” to refinancing deal with past department store funder
Debenhams Group is in advanced talks about securing a £175m refinancing package with one of the companies behind the 2003 delisting of the former department store potentially involved, according to a Sky News report.