All Insolvency & administration articles – Page 16
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NewsLK Bennett sold to Chinese partner
LK Bennett has been purchased by Rebecca Feng, who runs the fashion retailer’s Chinese franchise business, after going into administration in early March.
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NewsAshley labels Debenhams administration ‘national scandal'
Sports Direct founder and Debenhams’ largest shareholder Mike Ashley has vowed to “save as many Debenhams stores and jobs as I can” in an explosive stock exchange announcement.
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AnalysisAnalysis: What next for Debenhams?
Debenhams’ lenders took control of the department store business today through a pre-pack administration, and a sale is now likely to be pursued.
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OpinionDebenhams needs renewed purpose post-administration
The redundancy of Debenhams’ once-vaunted claim to be ‘Britain’s favourite department store’ was sadly laid bare as it fell into a pre-pack administration today.
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NewsPrivate equity 'has no place in retail', argues Knight Frank
A new report has lambasted the “traditional private equity” model, saying it has no place in the retail sector.
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NewsNew Look operations boss Monaghan exits
New Look managing director of group operations Dan Monaghan will depart the business in a senior management team restructure, Retail Week can reveal.
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NewsOffice Outlet axes stores and jobs as sale hopes fade
Office Outlet is to shutter 16 stores and axe 160 jobs after administrators conceded that hopes of selling the business were fading.
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NewsSelect on brink of collapse putting 2,000 jobs at risk
Select is on the brink of collapse after filing a notice of intention to appoint administrators, Retail Week has learned.
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NewsSir Philip Green facing Arcadia pension blackhole
Sir Philip Green is facing the prospect of increasing his contributions to Arcadia’s pension schemes, as he mulls a potential company voluntary arrangement.
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NewsPaperchase given the green light for a CVA
Paperchase is set to close at least five stores after winning credit approval for its proposed CVA this afternoon.
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NewsArcadia appoints GCW as it mulls CVA
Arcadia has appointed property agency GCW to oversee its proposed restructuring process, Retail Week understands.
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NewsOffice Outlet collapse puts 1,200 jobs at risk
Office Outlet, the stationery chain formerly known as Staples, has tumbled into administration just two years after its rebrand.
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NewsNew Look to shut all stores in Poland
New Look will shut its Polish operations as part of its management team’s bid to turn the business around.
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NewsLK Bennett slumps into administration, 500 jobs at risk
LK Bennett has collapsed into administration putting around 500 jobs at risk.
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NewsBetter Bathrooms tumbles into administration
Better Bathrooms has slumped into administration after suffering “severe cashflow difficulties”, sparking the loss of more than 320 jobs.
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NewsLK Bennett to appoint administrators with 500 jobs at risk
LK Bennett has filed notice to appoint administrators, putting 500 jobs at the premium fashion retailer at risk.
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OpinionOpinion: Don't blame private equity for retailers' woes
Who can we trust as owners and custodians of our great retail brands?
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NewsCanadian buyer is front-runner for HMV
A Canadian record store retailer is the front-runner to buy HMV and could dash Mike Ashley’s hopes of acquiring yet another ailing high street name.
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NewsOddbins warns of redundancies as advisers weigh options
Off-licence business Oddbins has warned of job losses after appointing advisers to look at its options following an “extremely tough” Christmas.
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NewsMike Ashley ‘demands rent holiday’ over possible HMV deal
Sports Direct owner Mike Ashely is reportedly seeking a “six-month rent holiday” from HMV landlords if he were to save the music retailer.