All Insolvency & administration articles
-
NewsTGJones owner details restructuring proposals putting stores and jobs at risk
Modella, the owner of TGJones, has launched a restructuring plan involving the shuttering of up to 150 branches and hundreds of job losses.
-
NewsTGJones closes in on debt refinancing deal
TGJones, the rebranded WHSmith high street business, is nearing a refinancing of debt facilities, it is understood.
-
NewsFrasers rides to the rescue of children’s bicycle-maker
Frasers Group has continued its spending spree by riding to the rescue of children’s cycle-maker Frog Bikes.
-
AnalysisWhy TGJones’ impending restructuring has the retail property sector worried
With TGJones’ long-expected restructuring proposals expected to be put forward soon, financial advisory firms are privately worried that Modella Capital’s latest attempts at a ‘cram-down’ could kill the measure off for good
-
NewsOver a thousand jobs to go as Claire’s ceases trading
The administrators of Claire’s have confirmed that 1,300 remaining staff have been made redundant, as the business has today been wound up.
-
NewsTOFS stores and head office closed as Interpath begins winding business down
All remaining TOFS stores have been shut, its head office closed, and all remaining staff members have been made redundant, with administrators now in the process of winding the business down, Retail Week can confirm.
-
NewsOnBuy plans to launch Comet in time for autumn
UK-founded marketplace OnBuy is due to launch Comet later this year, Retail Week can reveal.
-
NewsBodycare to open six UK stores in return to the high street
Embattled value beauty chain Bodycare is set to open six new stores in the UK as it returns to the high street following its rescue from administration in October 2025.
-
NewsQuiz stores to be reviewed by administrators at the end of April
Administrators Interpath will review whether to continue trading from the 40 Quiz stores currently open at the end of April, provided no rescue deal can be reached in that time, Retail Week understands.
-
AnalysisWith another rescue bid in the offing, does Claire’s deserve saving?
Embattled fashion accessories retailer Claire’s was thrown another potential life ring this week when the brand’s European owner revealed he was in talks to acquire its UK stores business.
-
NewsFrench businessman makes attempt to rescue Claire’s
A French jewellery businessman is in talks with Claire’s as he plans to rescue the business from complete collapse.
-
NewsBeauty Bay sold to French-owned investment group
Manchester-based Beauty Bay has been sold to a French-owned investment group after it lined up administrators last month.
-
Opinion‘WHSmith can’t be expected to bail out Modella’s embattled TGJones’
WHSmith has challenges of its own to cope with, and it’s impossible to see why it would divert any focus to the fortunes of its former high street arm. Ultimately, the buck stops with TGJones’ owner, Modella, observes George MacDonald
-
NewsTGJones owner approaches restructuring firm over store closure plans
Modella Capital, the owner of TGJones, has approached Teneo to help draw up plans to restructure the business.
-
NewsHobbycraft owner explores sale after takeover interest
Hobbycraft owner Modella Capital is exploring a possible sale of the crafting specialist after receiving a takeover offer.
-
NewsBeauty Bay lines up administrators as it shutters online store
Beauty Bay has placed administrators on standby and closed its online store as it continues its search for new investors.
-
NewsRussell & Bromley losses nearly doubled in run-up to collapse
Russell & Bromley’s losses almost doubled in the year leading up to its collapse last month, as falling sales and rising costs weighed on the brand’s bottom line.
-
NewsQuiz administrators step up search for new buyer
Quiz administrators have deepened the brand’s clearance Sale across its store estate as the search for a buyer continues, Retail Week can reveal.
-
NewsThe Original Factory Shop collapsed into administration owing suppliers £9m
The Original Factory Shop collapsed into administration owing suppliers millions in unpaid-for stock and other debts, Retail Week can reveal.
-
NewsQuiz collapses into administration with over 100 jobs to be lost
Fashion retailer Quiz has collapsed into administration this afternoon (February 5), putting 565 jobs at risk.