All Insolvency & administration articles – Page 13
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NewsOasis and Warehouse on brink of collapse with 2,300 jobs at risk
Fashion retailer Oasis and Warehouse is on the brink of collapse putting 2,300 jobs at risk due to the ongoing coronavirus outbreak.
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NewsDebenhams liquidates Irish arm as it appoints administrators
Ailing department store chain Debenhams has appointed administrators for the second time in 12 months and has liquidated its Irish business.
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AnalysisThe Big Question: Can department stores survive coronavirus crisis?
As Debenhams tumbles into administration for the second time in a year and Fenwick makes sweeping leadership changes, Retail Week asks industry experts for their view on whether department stores can survive the coronavirus crisis.
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NewsDebenhams intends to appoint administrators
Debenhams has filed a notice of intention to appoint administrators in a bid to protect the business from liquidation.
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NewsDebenhams puts administrators on standby amid coronavirus disruption
Debenhams stakeholders are understood to be preparing to place the department store chain into administration as soon as next week.
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OpinionThe Secret Retailer: We are hurtling towards unimaginable social and economic crisis
In the latest in our series of columns from a ‘secret retailer’, one chief executive warns chancellor Rishi Sunak of the stark reality their business faces without access to one of the government’s coronavirus support loans.
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NewsLaura Ashley administrators make redundancies and furlough staff
The administrators in charge of winding down Laura Ashley announced overnight they had made more than 200 redundancies and placed the retailer’s remaining store staff on furlough.
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NewsBrighthouse falls into administration following coronavirus store closures
Rent-to-own retailer Brighthouse has tumbled into administration, putting 2,400 jobs at risk.
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NewsLaura Ashley blames coronavirus outbreak as it slumps into administration
Laura Ashley’s owners have filed an intention to appoint administrators and have suspended trading, blaming the coronavirus pandemic for a “significant” impact on trading.
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NewsDebenhams demands rent holiday as coronavirus dents footfall
Embattled department store chain Debenhams has heaped further misery on its landlords by requesting a rent holiday of up to five months as fears over coronavirus dent high street footfall.
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NewsIntu to explore options after £1.5bn equity raise fails
Intu has failed to raise the £1.5bn needed to refresh its credit ahead of publishing its full-year financial results next week, but said it remained hopeful of fixing its balance sheet.
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OpinionOpinion: Hammerson’s issues are symptomatic of a broken property market
Hammerson’s latest set of financial results are symptomatic of the wider issues plaguing the UK retail property market and the institutional landlord is unlikely to be the only one feeling the effects.
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NewsForever 21 names former H&M US boss as new chief executive
The new owners of fast-fashion retailer Forever 21 have named former H&M US president Daniel Kulle as chief executive to steer the business out of bankruptcy.
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NewsBoux Avenue calls in advisers as it mulls store closures
Boux Avenue has reportedly appointed advisers from Deloitte to discuss a potential insolvency process resulting in store closures.
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NewsForever 21 bought out of bankruptcy
US-based fast-fashion retailer Forever 21 has been bought out of bankruptcy by three buyers with international ambitions for the brand.
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NewsIntu £1bn deal with Hong Kong-based investor falls through
Embattled institutional landlord Intu has confirmed that discussions over an emergency recapitalisation with a Hong Kong-based investment fund have fallen through.
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NewsRetail chief executive turnover reached seven-year high in 2019
The number of chief executives losing their jobs in the retail sector reached a seven-year high in 2019, according to a new report.
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NewsComet administrators face record £1m fine
The administrators of collapsed electricals retailer Comet are expected to be fined a record £1m over aspects of their involvement.
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NewsIntu sells Spanish shopping centre as it battles to balance books
Intu has completed the latest in a string of asset disposals, selling another Spanish shopping centre as it looks to turn around flagging fortunes and fix its balance sheet in the UK.
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NewsAlmost 10,000 retail jobs lost already this year
Nearly 10,000 retail jobs were lost in the first three weeks of 2020, according to industry analysts.