All Insolvency & administration articles – Page 14
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AnalysisAnalysis: Retail rents – how low can you go?
The wave of CVA activity this year has seen retailers begin to demand comparative rent cuts from landlords. Retail Week analyses whether rents will come down across the board.
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NewsArcadia reports massive losses as scale of group’s problems revealed
Arcadia posted large losses and sales fell, while costs occurred from its battle with landlords bit into profitability, its latest full-year accounts disclose.
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NewsCourt hears Ashley wants to ‘eliminate’ Debenhams as rival
Sports Direct boss Mike Ashley wants to “eliminate a competitor” by backing a legal challenge to Debenhams’ CVA, the High Court heard.
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AnalysisAnalysis: Has time run out for Forever 21?
Forever 21 was the ‘American Primark’, the retailer all the teens flocked to. Now it faces bankruptcy. Retail Week looks at what went wrong and what lessons can be learned.
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NewsBarneys secures fresh capital in bid to avoid collapse
Barneys New York has received a fresh cash injection as it seeks to fend off the threat of collapse.
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NewsBoohoo to snap up Karen Millen and Coast in pre-pack
Online fast fashion retailer Boohoo is reportedly on the verge of buying high street fashion brands Karen Millen and Coast out of administration.
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NewsDay in late bid to avoid Jack Wills administration
Edinburgh Woollen Mill owner Philip Day is reportedly trying to keep Jack Wills out of administration as he seeks to pip Mike Ashley to a deal for the struggling retailer.
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NewsIntu boss promises to stand firm on Primark rent reductions
The chief executive of Intu has said that the landlord will stand firm should Primark or any other retailer request rent reductions on schemes in line with those who have recently undergone CVAs.
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NewsSports Direct drops Debenhams CVA challenge
Sports Direct has withdrawn its legal challenge to Debenhams’ CVA – but will continue to fund the objection lodged by one of the department store chain’s landlords.
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NewsAlmost one in six high street shops lie empty
The shop vacancy rate in the UK stands at 15.9%, according to figures released by local councils to restructuring specialist Duff & Phelps.
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NewsGreen’s overseas assets targeted by pensions watchdog
Sir Philip Green’s overseas assets could be plundered by The Pensions Regulator as it bids to secure payments promised to the Arcadia pension scheme.
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NewsMonsoon Accessorize CVA passed by creditors
Monsoon Accessorize’s CVA has been passed by its creditors, paving the way for hefty rent reductions at around half of its stores.
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NewsOffice latest high street retailer to mull CVA
Office is considering launching a CVA as part of a restructuring process which is expected to take place over the next few weeks.
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NewsItalian womenswear brand Stefanel in administration
Italian fashion brand Stefanel UK arm has crashed into administration and is set to close both its London stores.
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NewsBathstore crashes into administration
Bathstore.com has collapsed into administration following years of tough trading conditions, putting hundreds of jobs at risk.
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NewsMonsoon Accessorize CVA proposal calls for rent cuts
Monsoon Accessorize has published its CVA proposal calling for rent reductions at 135 stores in exchange for £30m in funding and a £10m annual profit-sharing scheme.
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NewsBathstore on the brink of administration
Bathstore is near to insolvency and has lined up accountants BDO to handle its administration.
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NewsMonsoon offers landlords share of profits ahead of CVA
Monsoon Accessorize has rejected landlords’ demands for an equity stake in favour of a share of future profits, ahead of its mooted CVA proposal.
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NewsFormer BHS owner Chappell in court over tax fraud charges
Former BHS owner Dominic Chappell has appeared in court facing charges of tax fraud and money laundering.
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OpinionOpinion: What can other retailers learn from Arcadia’s CVA?
Reading the coverage of Arcadia’s company voluntary arrangement (CVA), one could be forgiven for thinking that rather than being a matter of commerce it was, in fact, a popularity contest.
