All Insolvency & administration articles – Page 19
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NewsSears chairman ‘buys chain for $5.2bn' in bankruptcy auction
Sears chairman Eddie Lampert has rescued the business after triumphing in a bankruptcy auction with a takeover bid of around $5.2bn (£4bn).
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NewsSteamer Trading Cookshop rescued in pre-pack deal
Steamer Trading Cookshop has been bought out of administration by rival kitchenware specialists ProCook, Retail Week can reveal.
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NewsRetail CVAs increase seven-fold in 2018
The number of large retailers launching company voluntary arrangements (CVAs) increased seven-fold last year, according to Deloitte.
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NewsHMV enters administration amid 'tsunami' of challenges
HMV has slumped into administration for the second time in six years, blaming its collapse on a “tsunami” of retail challenges.
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NewsSears files for bankruptcy as debt pile mounts
Sears has filed for bankruptcy protection after buckling under the weight of falling sales and a $134m (£102.1m) debt payment.
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NewsCoast collapses into administration, 300 jobs at risk
Coast has tumbled into administration following “difficult trading conditions”, putting 300 jobs at risk.
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NewsMaplin creditors braced for huge losses
Maplin’s creditors will receive just a fraction of the cash they are owed following the electricals specialist’s collapse into administration.
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OpinionDividing opinion: The case for and against CVAs
If the last eight months are anything to go by, 2018 is shaping up to be the year of the CVA.
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NewsOffice Outlet CVA approved by creditors
Office Outlet will shutter four of its stores, with the loss of almost 50 jobs, after creditors unanimously approved its CVA.
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NewsHomebase to axe 42 stores as creditors approve CVA
Homebase has been given the green light to shut 42 of its stores after its CVA plan was approved by creditors.
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NewsHouse of Fraser warehouses close again amid XPO row
House of Fraser’s distribution centres have closed for a second time amid the ongoing row between new owner Mike Ashley and XPO Logistics.
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NewsUpdated: Homebase names 42 stores for closure
Homebase intends to shut 42 stores, putting 1,500 jobs at risk, as part of its turnaround push.
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NewsBHS auditor PwC slammed in damning watchdog report
Financial accounts of failed department store chain BHS contained “incomplete, inaccurate and misleading” statements following failings by auditor PwC, a new report has ruled.
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NewsHouse of Fraser calls in administrators as rescue talks fail
House of Fraser has tumbled into administration after last ditch talks to save the business collapsed.
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NewsPoundworld: 80 more stores and 1,000 jobs to go
Poundworld administrators will close another 80 stores next week, on top of the 25 already set to close this weekend.
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NewsPoundworld's founder drops his rescue bid
Poundworld founder Chris Edwards has ditched talks to rescue the business, pushing more than 5,000 jobs closer to the precipice.
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OpinionHow BHS turned Sir Philip Green from hero to zero
Retail Week executive editor George MacDonald reviews Damaged Goods, Oliver Shah’s new book on Sir Philip Green and the demise of BHS.
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NewsMore job losses after Jacques Vert fails to find buyer
Jacques Vert concessions will shut after administrators failed to find a buyer.
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NewsFRC launches investigation into Conviviality collapse
Accountancy regulators have launched a probe into the dramatic collapse of booze retailer and wholesaler Conviviality.
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NewsGreen seeks gagging order over fresh BHS report
Arcadia tycoon Sir Philip Green is battling to prevent the publication of a report into the collapse of BHS amid claims it could damage his reputation.