All Insolvency & administration articles – Page 10
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NewsRiver Island mulls CVA as coronavirus hammers sales
River Island is the latest fashion retailer to consider undertaking a company voluntary arrangement due to the effects of the coronavirus on sales and store footfall.
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NewsM&Co to close 50 stores in pre-pack administration deal
M&Co is reportedly nearing a pre-pack administration deal which would see the chain sold back to its original owners.
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NewsDW Sports blames coronavirus closures for collapse into administration
Sportswear retailer and gym operator DW Sports has collapsed into administration putting some 1,700 jobs at risk across its estate.
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AnalysisBack from the brink – what’s next for retail’s Covid casualties?
The past few months have had a devastating impact on UK retail and swathes of chains have collapsed, but there is light at the end of the tunnel for some of these businesses. Retail Week takes a look at what the future holds for retail’s Covid casualties.
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NewsTM Lewin shutters stores after tumbling into administration
Shirtmaker TM Lewin is set to close all of its UK stores, putting over 600 jobs at risk, after it fell into administration due to the impact of the Covid-19 pandemic.
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NewsNew Look mulls pre-pack administration in bid for turnover-based rents
Struggling fashion retailer New Look is threatening landlords with a potential pre-pack administration in a bid to move its store estate over to turnover-based rents, Retail Week can reveal.
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NewsIntu administration looms as financing talks fail
Embattled retail landlord Intu has said it is ‘likely’ to appoint administrators as negotiations with its lenders stall.
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NewsMothercare eyes new funding as interim boss stands down
Mothercare is in discussion with a number of prospective lenders over new funding as its interim chief executive steps down.
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NewsJD Sports’ Go Outdoors brand tumbles into administration
JD Sports has confirmed the appointment of administrators for its struggling Go Outdoors brand, following days of speculation about the fascia’s future.
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NewsStruggling Poundstretcher launches CVA
Variety discount retailer Poundstretcher has launched a company voluntary arrangement to help restructure its struggling business and appointed KPMG to help drive the turnaround.
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AnalysisAnalysis: What high street will emerge from the pandemic?
Already under enormous pressure before the arrival of the coronavirus pandemic, the high street has taken another battering. What will it look like as the crisis subsides?
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OpinionOpinion: Monsoon and Quiz pre-packs punish staff for management mistakes
The pre-pack administrations unveiled by Monsoon Accessorize and Quiz this morning were certainly portrayed as good news for the businesses and their respective workforces.
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NewsMonsoon and Accessorize bought out of administration by founder
Peter Simon has bought Monsoon and Accessorize out of administration with cash from a new holding company in a bid to “rescue a significant number of stores”.
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NewsQuiz property arm slips into administration as it eyes store portfolio restructure
Struggling fashion brand Quiz has said it will seek to appoint administrators to its wholly owned subsidiary in a bid to restructure its failing retail store portfolio.
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NewsCoronavirus: Debenhams to reopen 50 stores from June 15
Embattled department store chain Debenhams has announced it will reopen 50 stores across England on June 15, following the closure of its estate due to the ongoing coronavirus pandemic.
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NewsJobs saved as ‘substantial’ part of Oddbins bought out of administration
More than half of off licence chain Oddbins stores will remain open after the retailer was bought out of administration by an unknown bidder.
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NewsAldo falls into administration amid coronavirus troubles
The UK division of Canadian footwear specialist Aldo has collapsed into administration, blaming its travails on the impact of the coronavirus pandemic.
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NewsMonsoon Accessorize teeters on brink putting 3,500 jobs at risk
Monsoon Accessorize is on the brink of becoming the latest retailer to tumble into administration amid the coronavirus crisis, putting 3,500 jobs at risk.
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NewsCoronavirus: French Connection seeks urgent funding in battle for survival
French Connection is in urgent talks with potential funding partners as it battles to stay afloat amid the coronavirus crisis.
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NewsJ Crew becomes first major coronavirus casualty in the US
J Crew has become the first major US retailer to file for bankruptcy protection since the coronavirus lockdown was enforced.