All Insolvency & administration articles – Page 9
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NewsMcColl’s flags likely administration unless funding predicament resolved
Convenience store group McColl’s said the prospect of administration is “increasingly likely” if it cannot find a solution to its funding difficulties.
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NewsExclusive: McColl’s pauses Morrisons Daily rollout as administration looms
McColl’s has paused the rollout of its Morrisons Daily format in a bid to conserve cash and stave off administration, Retail Week has learned.
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Opinion‘Landsec’s new leasing strategy shows landlords are beginning to accept reality’
Landsec’s sensible new leasing options for its retail occupiers offer flexibility and a range of opportunities for partners. Is this an indication that landlords have finally accepted the reality of retail property’s situation?
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NewsTM Lewin tumbles into administration as homeworking takes toll
Menswear retailer TM Lewin has tumbled into administration for a second time since the pandemic began, blaming working from home for lack of demand.
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NewsUpdated: Frasers buys Studio Retail out of administration
Mike Ashley’s Frasers Group has bought Studio Retail out of administration for £26.8m, saving 1,500 jobs.
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NewsTina Green receives £50m payout from Topshop administrators
Tina Green has been handed £50m by administrators from the remains of her husband’s Arcadia empire.
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NewsNew Look boss looks to the future after winning landlord legal battle
New Look boss Nigel Oddy has said Monday’s favourable high court ruling will allow the retailer to put the fraught legal fight with some of its landlords behind it and focus on rebuilding for the future.
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NewsPaperchase rescued in pre-pack administration deal
Paperchase is set to be rescued in a pre-pack deal led by a lender connected to private equity firm Permira.
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AnalysisBoohoo boss: How we will make Debenhams a force to be reckoned with
In news that took the sector by surprise, Boohoo has acquired the intellectual property assets of struggling department store Debenhams for £55m – but what does the fashion etailer plan to do with the business?
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NewsArcadia to close 31 stores as buyers circle
Arcadia has confirmed it will close 31 of its stores by the end of the month as the race to buy its brands out of administration tightens.
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NewsDebenhams axes Oxford Street flagship and 320 jobs with latest closures
Debenhams is permanently closing its Oxford Street flagship and five other stores, with the loss of 320 jobs.
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NewsAdministrators agree sale of Edinburgh Woollen Mill and Ponden Home
Administrators have struck a deal to save two of Philip Day’s remaining brands Edinburgh Woollen Mill and Ponden Home.
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NewsTrump’s tie-maker joins fight for Arcadia
US clothing firm G-III Apparel has reportedly joined the battle to take over Sir Philip Green’s Arcadia empire.
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NewsDebenhams closes Irish online business as retailers face new Brexit tariffs
Department store chain Debenhams has been forced to close its digital Irish business to avoid tariffs now required under the Brexit deal.
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NewsPaperchase poised to appoint administrators
Stationery chain Paperchase is on the brink of administration after the impact of the coronavirus pandemic hammered sales.
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NewsRetail counts jobs cost of brutal year with more to come in 2021
More than 176,000 jobs in retail were lost in 2020 after harsh high street conditions saw over 15,000 stores close, with experts warning more of the same in 2021.
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NewsMike Ashley’s Frasers swoops in with late rescue bid for Debenhams
Frasers Group has made a last-minute rescue bid for ailing department store chain Debenhams, with owner Mike Ashley vowing to save as many jobs as possible.
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Opinion‘Arcadia tycoon Green – from retail’s King Midas to King Canute’
Topshop tycoon Sir Philip Green’s fall from grace has been so spectacular and so total that it’s hard to remember what a force he once was.
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NewsGreen family set to pay £50m into Arcadia pension pot within next 10 days
Sir Philip Green’s family is set to pay £50m into his crumbling fashion group’s pension pot in the next 10 days, as the business secretary called on the watchdog to investigate.
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NewsBonmarché collapses into administration in grim week for retail
Fashion retailer Bonmarché has plunged into administration, adding to a grim toll of retail collapses this week.