All Insolvency & administration articles – Page 15
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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.
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NewsLinks of London tumbles into administration
Jewellery chain Links of London has tumbled into administration, putting up to 350 jobs at risk in what is another blow to the ailing UK high street.
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NewsForever 21 to axe 350 stores amid Chapter 11 bankruptcy
Forever 21 has filed for Chapter 11 bankruptcy protection in the US amid plans to close up to 350 stores across the globe.
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NewsSmiggle ratchets up pressure on landlords
The Australian owner of stationery retailer Smiggle has laid the groundwork to increase the pressure on landlords in upcoming lease negotiations by aligning store fit-out costs with break clauses.
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NewsDebenhams wins High Court battle with landlord to secure CVA
Debenhams has won a High Court battle with a landlord to secure its CVA, paving the way for the department store to shut 50 shops.
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NewsForever 21 vows to keep ‘vast majority’ of US stores
Forever 21 has vowed to continue operating “the vast majority” of its US stores despite suggestions it is about to file for bankruptcy.
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AnalysisAnalysis: Retail rents – how low can you go?
The wave of CVA activity this year has seen retailers begin to demand comparative rent cuts from landlords. Retail Week analyses whether rents will come down across the board.
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NewsArcadia reports massive losses as scale of group’s problems revealed
Arcadia posted large losses and sales fell, while costs occurred from its battle with landlords bit into profitability, its latest full-year accounts disclose.