All Insolvency & administration articles – Page 14
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NewsMothercare chief executive steps down in wider board reshuffle
Mothercare’s chief executive has stepped down from his role among a raft of other senior changes as the embattled retailer continues its international franchise push.
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NewsFrasers Group set to close six Jack Wills stores
Struggling fashion brand Jack Wills, owned by Mike Ashley’s Frasers Group, is set to shutter more stores.
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NewsGame set to close stores as it calls on landlords to be 'realistic' about rents
Game has said it intends to close 40 stores across the UK unless it can renegotiate rents with landlords as it blamed a “challenging retail market”.
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NewsRetail CVAs decline with rise in administrations ‘sign of things to come’
The number of retailers entering into CVA has decreased year on year while administrations are on the rise.
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NewsCVAs ‘delay inevitable failure’, research suggests
Company voluntary arrangements (CVAs) are delaying “inevitable future failure” rather than helping businesses secure longer-term futures, new analysis suggests.
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NewsThe Book People falls into administration a week before Christmas
The Book People has called in administrators for the second time in a bid to secure its future.
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NewsNew Look reshuffles top brass as Oddy named chief executive
New Look has reconfigured the makeup of its senior leadership team, appointing Nigel Oddy as its new chief executive as well as naming a new non-executive chair.
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NewsMothercare UK losses deepen during ‘extraordinarily challenging’ period
Mothercare UK has reported widening losses in the first half of the financial year, starkly highlighting the issues which led to its being placed into administration in November.
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NewsClintons seals pre-pack admin deal saving 2,500 jobs
Greetings cards specialst Clintons has been bought out of administration by Esquire Retail Limited, safeguarding all 2,500 jobs.
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NewsPeacocks set to buy Bonmarché out of administration
Peacocks is poised to buy Bonmarché out of administration after being identified as the peferred bidder for the embattled business.
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OpinionTOFS CEO: A CVA isn’t a quick fix – but it was right for our business
The growth in ecommerce, the much-discussed high rents and business rates, combined with lower high street and retail park footfall and rising wage costs have created the perfect storm in our industry – one that is proving very challenging to weather.
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NewsClarks drafts in consultants amid store closure concerns
Clarks has drafted in management consultants to conduct a review of the ailing high street business amid fear of store closures and possible job losses.
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NewsClintons to close stores and slash rents in survival bid
Clintons has been forced to reach out to landlords to seek concessions on store closures and rent cuts, as the greetings card chain becomes the latest high street retailer to suffer.
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NewsMamas & Papas to close six stores after pre-pack administration
Mamas & Papas has closed six stores and will be reviewing operations at its head office which could lead to as many as 127 redundancies across shopfloor and back office.
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NewsMothercare UK tumbles into administration with the loss of 2,800 jobs
Mothercare’s UK arm has officially appointed administrators and will close all of its stores and offices with the loss of 2,800 jobs.
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NewsFormer BHS owner banned from directorships for 10 years
Dominic Chappell, the former BHS owner, has been banned from holding any company directorships for the next 10 years by the Insolvency Service.
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NewsMothercare notifies intent to appoint administrators
Mothercare has announced that it has notified an intention to appoint administrators and claimed its store estate was not “attractive enough” for third-party franchise operators.
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NewsForever 21 UK stores to commence £30m stock clearance sale
Forever 21 has commenced a £30m stock clearance sale from its three remaining UK stores, as its administrators look to wind up the business here.
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NewsBonmarché tumbles into administration placing thousands of jobs at risk
Bonmarché has tumbled into administration, with its boss blaming “a period of historic difficulty” on the high street for its demise.
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NewsJobs at risk as Jessops approaches administrators for property arm
Photographic retailer Jessops has approached administrators in a bid to salvage its struggling property arm.