All Insolvency & administration articles – Page 2
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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).
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NewsFashion retailer Quiz calls in administrators
Clothing group Quiz has brought administrators on board, likely leading to job losses and store closures.
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NewsPoundland’s managing director has stepped down amid reports of a sale
Poundland’s managing director Austin Cooke has left the value retailer amid reports of a potential sale.
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NewsHomebase owes unsecured creditors including retailers over £650m
Homebase owes more than £650m to unsecured creditors following its collapse into administration last November.
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NewsQuiz is on the brink of administration following stock market exit
Fashion retailer Quiz is reportedly on the brink of administration days after its shares were delisted from the London Stock Exchange.
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NewsPoundland owner weighs changes as it calls in advisers
The owner of UK value retailer Poundland has drafted in advisers to explore options to arrest the business’ slump.
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NewsB&Q has bought five more Homebase stores
B&Q has reached an agreement to purchase five more Homebase stores for £2.5m, following the retailer’s collapse into administration in November.
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NewsNearly 170,000 UK retail workers lost their jobs in 2024
Almost 170,000 UK retail workers lost their jobs in 2024, according to data from the Centre for Retail Research.
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NewsBestway turns to CVA for some stores as it reaches impasse with landlords
Bestway Group has reportedly turned to a company voluntary arrangement (CVA) for some of its off-licences, after reaching an impasse with landlords over leases.
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NewsDobbies has confirmed store closures after restructuring plan approved
Dobbies has confirmed it will close several garden centres after its restructuring plans were approved.
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NewsThe Range is circling a chunk of Homebase in a pre-pack deal
The Range is circling a deal with Homebase to snap up a chunk of the business that will save almost 1,500 jobs.
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NewsVictoria Plum to cease trading after it makes £2m loss in four months
Victorian Plumbing is set to close the Victoria Plum business it acquired in May, after it made a nearly £2m loss in four months.
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NewsThe Body Shop has been rescued
More than 100 Body Shop stores have been rescued from shuttering after a rescue deal was struck for the struggling chain.
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AnalysisA year since its collapse, where should Wilko focus to win back customers?
It’s been one year since value retailer Wilko fell into administration, which saw the beloved high street chain close 400 stores and cost 12,000 people their jobs.