All Insolvency & administration articles – Page 27
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NewsUPDATED: Jessops collapses into administration, store closures expected
Jessops has collapsed into administration with PwC appointed as administrator, as tipped by Retail Week this morning.
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NewsRetail administrations jump 6% in 2012
The number of retailers falling into administration jumped 6% year on year in 2012, according to accountancy firm Deloitte which predicts further distress for the sector in the year ahead.
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NewsJohn Lewis and Waitrose sales surge
John Lewis and Waitrose recorded a “robust” trading week last week as the collapse of Comet and early party food orders drove sales at the respective retailers.
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NewsFamous Footwear collapses into administration
Shoe retailer Famous Footwear has collapsed into administration putting 300 jobs at risk.
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AnalysisGift vouchers in administration: What do retailers need to know?
Comet administrator Deloitte has suspended the use of gift vouchers at the stores. Retail Week takes a look how much vouchers are really worth in administration.
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NewsComet management confirms plan to enter administration next week
Comet’s management has confirmed to staff this morning that it plans to enter administration next week.
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NewsAdministration looms for Comet
Electricals retailer Comet is likely to file an intention to appoint an administrator as early as tomorrow (Thursday), putting 7,000 jobs at risk, Retail Week can reveal.
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NewsUnited Carpets bought in pre-pack administration deal
A parcel of 73 United Carpets stores have been bought out of pre-pack administration.
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NewsOptical Express subsidiary collapses into administration
Optical Express is to close 40 stores after plunging its subsidiary into administration in the face of a “significant economic slowdown on the high street”.
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NewsRetail administration levels fall but Christmas fears remain
The number of retail administrations fell in the last quarter however fears remain that Christmas could send a number of retailers out of business.
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NewsBike specialist Hein Gericke crashes into administration
The British division of German motorbike specialist Hein Gericke has fallen into administration.
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NewsEthel Austin collapses into administration
Ethel Austin has collapsed into administration for the fourth time.
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NewsHolland & Barrett profit up as sister company Julian Graves remains in administration
Health and beauty retailer Holland & Barrett has posted a pretax profit surge of 19.4% to £60m, a day after its sister company Julian Graves collapsed into administration.
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NewsJulian Graves collapses into administration
Health food specialist Julian Graves has hit the buffers and Deloitte has been appointed administrator.
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NewsLandlords gear up to sue PwC over Game administration
Britain’s largest landlords are gearing up to sue PwC over the administration of Game to recoup unpaid rent.
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NewsAllders collapses into administration
Harold Tillman-backed department store Allders has collapsed into administration following “a marked downturn in sales”.
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NewsClinton Cards bought out of administration by American Greetings' subsidiary
Clinton Cards has been rescued out of administration by Lakeshore Lending, a subsidiary of Clinton Card’s largest creditor American Greetings.
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NewsClinton Cards folds into administration, 8,000 jobs at risk
Struggling greetings card retailer Clinton Cards has collapsed into administration, putting around 8,000 jobs at risk as store closures look imminent.
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NewsClinton Cards to collapse into administration
Clinton Cards has suspended its shares on the Stock Exchange and is on the point of collapse after its largest supplier American Greetings acquired the retailer’s debt from its banks last night.
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AnalysisHow to survive administration
In the past few years a raft of formerly big names have been bought out of administration. Can these businesses be saved, or is it just delaying the inevitable?
