All Insolvency & administration articles – Page 17
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NewsArcadia CVA plan slammed by Pensions Regulator
Arcadia’s plans to shutter stores, slash rents and axe hundreds of jobs have come under fire just hours after they were unveiled.
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NewsAshley considers legal challenge over Debenhams rescue plan
Sports Direct owner Mike Ashley is examining the possibility of launching legal action against Debenhams, after its controversial company voluntary arrangement was approved earlier this month.
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NewsArcadia sales slump as Green mulls closing international arm
The poor financial state of Sir Philip Green’s Arcadia Group has been laid bare in documents sent to landlords ahead of an imminent company voluntary arrangement.
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NewsBoxpark boss Wade: Retail 'on the edge of a precipice'
Boxpark boss Roger Wade has warned retail is “on the edge of a precipice” and urged the government to intervene to save Britain’s high streets.
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AnalysisAnalysis: Is Westfield delay making Croydon a retail graveyard?
Westfield and Hammerson’s new £1.4bn Croydon mega-mall was heralded as a catalyst for regeneration. However, construction is delayed, the scheme is ‘under review’ and traders are being forced to shut up shop. Hugh Radojev investigates
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NewsSelect to launch CVA proposal this week
Select has confirmed it will launch a CVA at some point this week after falling into administration earlier this month.
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NewsSelect in administration after 'horrendous' Christmas
Select has collapsed into administration, leaving the future of its 169 stores and 1,800 employees hanging in the balance.
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NewsDebenhams remains in hands of lenders after failed sale process
Debenhams’ sale process ended yesterday with no acceptable bids received as the department store’s creditors, investor consortium Celine, confirmed its commitment to the business.
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NewsIntu warns CVA glut will hit rental income
Intu has warned its rental income will fall below expectations this year following a “higher than expected level of CVAs”.
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NewsLandlords demand bigger Arcadia stake in exchange for CVA vote
A host of Britain’s biggest property owners have joined forces to demand a larger equity stake in Arcadia, should the fashion group push forward with a CVA.
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NewsArcadia board to hold crunch restructuring meeting today
Arcadia’s board is set to meet today to discuss the future of Sir Philip Green’s embattled fashion chain, as it eyes a possible company voluntary arrangement.
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AnalysisAnalysis: Will Arcadia's CVA be the final straw for landlords?
Could Sir Philip Green’s plan to shed stores through a CVA be a step too far for landlords? Hugh Radojev investigates
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NewsDebenhams launches CVA as torrid trading continues
Debenhams has launched its CVA proposal and revealed trading has continued to suffer, with like for likes spiralling in the six months to March.
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OpinionOpinion: Will CVA rent reductions cut retailers' business rates?
2018 was dubbed the year of the CVA, allowing firms battling the structural changes taking place across Britain’s embattled high streets to not only close unprofitable stores hit by increasing cost pressures but to also seek rent reductions, often between 20% and 75%.
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News75,000 retail jobs lost in first three months of 2019
75,000 retail jobs were lost in the first quarter of the year, as bricks-and-mortar retailers continue to be affected by increasing online sales.
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NewsDebenhams poised to launch CVA this week
Debenhams is poised to launch its CVA this week as it battles to secure its future, Retail Week has learned.
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NewsLK Bennett sold to Chinese partner
LK Bennett has been purchased by Rebecca Feng, who runs the fashion retailer’s Chinese franchise business, after going into administration in early March.
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NewsAshley labels Debenhams administration ‘national scandal'
Sports Direct founder and Debenhams’ largest shareholder Mike Ashley has vowed to “save as many Debenhams stores and jobs as I can” in an explosive stock exchange announcement.
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AnalysisAnalysis: What next for Debenhams?
Debenhams’ lenders took control of the department store business today through a pre-pack administration, and a sale is now likely to be pursued.
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OpinionDebenhams needs renewed purpose post-administration
The redundancy of Debenhams’ once-vaunted claim to be ‘Britain’s favourite department store’ was sadly laid bare as it fell into a pre-pack administration today.