All Insolvency & administration articles – Page 34
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NewsAllied Carpet Properties in administration and 51 shops sold to retail arm
Allied Carpet Properties has been placed into administration, and 51 of its stores have been immediately sold to Allied Carpets Retail.
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NewsMr Shoes bought out of administration by previous owners
Footwear retailer Mr Shoes has been bought out of administration by its previous owners.
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Administration looms for Allied Carpets division
Allied Carpets Properties, a subsidiary of the carpets retailer, has filed notice of intention to appoint an administrator. BDO Stoy Hayward is understood to have been lined up for the role.
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NewsModus Ventures collapses into administration
Manchester-based property company Modus Ventures has fallen into administration.
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NewsPrinciples administration leads to email deluge
More than 5,000 customers and suppliers of defunct fashion retailer Principles have emailed the retailer’s administrator asking to recoup money or redeem vouchers.
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NewsModus’s Wigan Grand Arcade in administration
The company which owns Wigan Grand Arcade shopping centre, which was developed by Modus, has been placed into administration.
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NewsClinton hopes to retain selected Birthdays stores despite administration
UPDATED: Cards group Clinton intends to maintain an interest in Birthdays, despite placing the chain into administration.
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NewsBay Trading bought out of administration
Bay Trading has been bought out of administration by the producers of brands Tigi-Wear, Viz-A-Viz and iZ.
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NewsBay Trading in administration
Alexon has placed its Bay Trading fascia into administration following losses reported earlier this week and the withdrawal of credit insurance.
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Smallbone bought out of pre-pack administration
Luxury homewares and furniture retailer Smallbone has been put into pre-pack administration and bought by Canburg, a company owned by Leo Caplan.
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Diamonds and Pearls falls into administration
Jewellery chain Diamonds and Pearls has fallen into administration, putting up to 300 jobs at risk.
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Mosaic enters pre-pack administration
Mosaic Fashions has been put into pre-pack administration, with most of the group being sold immediately to Icelandic bank Kaupthing and Mosaic’s management.
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Mosaic set for pre-pack administration on Monday
Mosaic Fashions is due to enter a pre-pack administration process on Monday.
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Elvi put into administration
Womenswear chain Elvi has been put into administration and confirmed redundancies after the plus-size fashion specialist was hit by financial difficulties.
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Retail administrations drive high street voids as high as 15%
Average retail voids have reached 11.2 per cent and are as high as 15 per cent in the worst hit areas, according to a report by property agent Cushman & Wakefield.
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EBTM future uncertain as administration looms for subsidiaries
EBTM, the e-tailer of music inspired fashion, has applied to appoint administrators to its subsidiaries after failing to raise funding for the businesses.
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NewsBlooming Marvellous bought out of administration
A group of investors including Ethel Austin owner Elaine McPherson has bought Blooming Marvelous from administrators MCR.
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JJB places Qube and OSC into administration
JJB Sports has officially placed its Lifestyle division, comprising the Qube and Original Shoe Company chains, into administration.
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Stylo chairman to buy 200 stores from administration
Stylo chairman Michael Ziff is planning to buy back 200 of the group’s 380 stores from administrator Deloitte.
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Stylo to go into administration
Shoe retailer Stylo is poised to go into administration after its creditors and landlords voted against the proposed Company Voluntary Arrangement (CVA) for its Barratts and Priceless chains.