All Insolvency & administration articles – Page 2
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NewsQuiz records double digit sales growth after restructuring
Scottish fashion brand Quiz has reported double digit sales growth in July and August, after completing what it called a “wide-reaching operational streamlining strategy” of the business.
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NewsLakeland owner and Dragons’ Den judge join growing list of Claire’s suitors
Lakeland owner Hilco and Dragons’ Den judge Touker Suleyman have both joined the growing list of suitors vying to salvage fashion accessores brand Claire’s out of administration.
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NewsHMV owner and WHSmith buyer eye up Claire’s deal
The buyer of WHSmith’s high street arm, Modella Capital, and HMV tycoon Doug Putman are potential buyers of bust retailer Claire’s Accessories.
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NewsBodycare to close raft of stores after appointing administrators
Beauty chain Bodycare is closing several UK stores and has appointed administrators as it battles with a “significant funding gap and increasing creditor pressure”.
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NewsFrasers Group acquires technology retailer Ebuyer out of administration
Frasers Group, whose business include Game, Sports Direct and Studio Retail, has acquired technology retailer Ebuyer out of administration.
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NewsHobbycraft announces it will shut more stores
Hobbycraft has announced that it will be closing more stores this month and in September.
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NewsClaire’s warns store managers to expect bailiffs as US bankruptcy impacts UK trading
Embattled retailer Claire’s has warned managers of its UK stores to expect bailiffs turning up to recover unpaid debts, Retail Week understands.
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InterviewTheo Paphitis: I’ve owned Ryman for 30 years, and this is what I’ve learned
Three decades ago, entrepreneur Theo Paphitis bought stationer Ryman out of administration. He built the business up and became one of the UK’s most recognisable businesspeople, but Covid almost killed Ryman.
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NewsNext buys maternity brand Seraphine and benefits from “trading disruption” at M&S
Next has aquired the maternity brand Seraphine and its IP from its administration as it posts strong second quarter sales growth.
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NewsRiver Island vote goes to the wire as retailer bets its survival on High Court judgement
Friday’s vote on River Island’s restructuring plans is likely to go to the wire with disgruntled landlords set to vote against it, although a High Court ‘cramming down’ judgement could yet save the brand
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NewsPepco Group brings in advisers to support Poundland transition to new owners
Former Poundland owner Pepco Group has drafted in an advisory firm to help with the value chain’s move to new owners.
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NewsRiver Island at risk of collapse “within weeks” without rescue plan - report
River Island is set to collapse “within weeks” unless a rescue plan can be agreed with creditors, according to a report in The Telegraph.
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NewsDebenhams “close” to refinancing deal with past department store funder
Debenhams Group is in advanced talks about securing a £175m refinancing package with one of the companies behind the 2003 delisting of the former department store potentially involved, according to a Sky News report.
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NewsThe Body Shop boss steps down after one year as successor is appointed
The Body Shop chief executive has stepped down following one year at the helm, with a new boss already lined up.
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NewsMaternitywear brand Seraphine enters administration
Maternitywear retailer Seraphine has entered administration, with the majority of its 95 staff being made redundant.
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NewsHundreds of jobs at risk as River Island mulls store closures
Hundreds of jobs at fashion retailer River Island could be set to go, as the struggling brand looks to push through store closures and rent cuts as part of its restructuring plans.
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NewsPoundland eyes rent cuts in bid to save on costs
Struggling value player Poundland is reportedly mulling plans to force through steep rent cuts on its properties in a bid to slash mounting costs.
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NewsLuxe Collective founder says ‘we’ve finally been defeated’ as brand closes down
In a post on LinkedIn Luxe Collective co-founder and chief executive Ben Gallagher has confirmed the closure of the business after seven years of operation.
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NewsForever 21 files for bankruptcy for second time in six years
US fashion retailer Forever 21 has filed for bankruptcy for the second time in six years, blaming mounting online competition from fast fashion retailers and weak footfall.
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NewsPepco ‘actively exploring separation options’ for Poundland
Pepco Group has said it is “actively exploring separation options” for Poundland as it aims to focus on a single format and move away from fast moving consumer goods (FMCG).