All Insolvency & administration articles – Page 23
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NewsBreakfast briefing: Retail news on retail administrations, Mulberry, Zalando and Flipkart
Retail news round-up on July 9, 2015: Retailer administrations fall by a third, Mulberry creative director takes up role, Zalando shareholders sell shares and India’s Flipkart to adopt app-only strategy
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NewsWomenswear retailer East to close 19 stores after pre-pack administration
Womenswear retailer East is closing 19 stores and five concessions across the UK after slipping into administration.
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NewsRetail administrations led to 735 shop closures and 5,000 job losses in 2014
More than 700 shops were shuttered and almost 5,000 jobs lost as a result of high street retailers falling into administration last year.
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NewsMPs brand Sports Direct ‘callous’ over USC administration
MPs have slammed Sports Direct for “callously and deliberately” giving USC workers just 15 minutes’ notice that they were losing their jobs.
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NewsAmazon gets approval from US Aviation Administration for drone trials
Amazon has been given official approval to begin testing drone flight delivery technology in US airspace.
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NewsMike Ashley refuses to be questioned by MPs over USC administration
Sports Direct owner Mike Ashley has rejected a request by Scottish MPs to be questioned over the administration of his 28 USC stores.
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NewsUSC owes creditors £15.2m following its administration
Creditors of Sports Direct-owned fashion retailer USC are owed a total of £15.2m according to a report issued by administrators.
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NewsProperty owners call for reform of administration fees system
Landlords who lost out when HMV hit the buffers have attacked the way administrators and advisers make money when businesses hit the wall.
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NewsMike Ashley to face grilling by MPs following USC administration
Sports Direct owner Mike Ashley is likely to face questioning by Scottish MPs over the administration of his 28 USC stores.
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NewsUSC bought out of administration by fellow Sports Direct fascia Republic
Sports Direct high street fascia USC has been bought out of administration by Republic.com, a retailer also owned by Mike Ashley’s Sports Direct.
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OpinionComment: Does Bank’s administration preface a year of consolidation?
Barely a week into 2015 and Bank has already gone into administration, setting a dour tone for what will be a trying year for retail.
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NewsUSC prepares to shutter stores as it falls into administration
Young fashion retailer USC is planning to close around a third of its stores as it enters administration, putting hundreds of jobs at risk.
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NewsScS eyes return to stock market six years after administration
Furniture retailer ScS has appointed bankers Investec as it eyes a potential return to the stock market six years after collapsing into administration.
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NewsGame's appeal over unpaid rent during administration rejected
Game’s appeal against a landmark ruling that meant it had to pay rent owed during its 2012 administration has been rejected.
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NewsHMV reports profits of £17m in 11 months after administration
HMV is set to report operating profits of nearly £17m during the 11 months after it fell into administration last year.
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CartoonBlower’s retail cartoon: Phones 4u’s administration woes
Retail Week’s cartoonist Patrick Blower’s take on mobile retailer Phone 4u’s administration and Dixons Carphone offering its staff jobs.
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AnalysisPhones 4u administration: What retailers need to know
Phones 4u is set to plunge into administration after EE ended its contract with the retailer. Retail Week takes a closer look at the situation.
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NewsUPDATED: Phones 4u collapses into administration after EE ends contract
UPDATES: Phones 4u has plunged into administration after EE decided to pull the plug on its contract with the mobile phone retailer.
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NewsNew measures to crack down on pre-pack administration deals
Pre-pack administration, which lets bosses of struggling firms wipe debt by going into administration and still trading, may be banned.
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NewsHMV reveals UK sales of £470m in first year out of administration
HMV has reported UK sales of $804m (£470m) in its first full year since being bought out of administration.
