All Insolvency & administration articles – Page 4
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NewsLloydspharmacy goes into liquidation
Lloydspharmacy has gone into liquidation with a debt of £293m still owed to creditors, according to documents filed by its liquidators on Companies House last week.
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NewsRetail pop-up specialist Sook ceases trading
Retail pop-up specialist Sook has closed all its stores after failing to find sufficient funding.
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NewsFarfetch in talks with white knight investor to go private
Farfetch is attempting to finalise a rescue deal with a private equity-backed buyer that would see its shareholders get wiped out.
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NewsFarfetch scrabbles for fresh investment as it teeters on brink of insolvency
Luxury ecommerce platform Farfetch is desperately seeking a fresh cash injection as it strives to avert a collapse into insolvency.
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NewsRegulators urged to claw back millions in Wilko dividends
The chair of the Commons business and trade committee has urged UK regulators “explore every option” to claw back millions in dividends paid to Wilko’s founding family.
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NewsWilko chair blames retailer’s collapse on Truss mini-budget
Former Wilko chair Lisa Wilkinson has laid out the issues that led to the collapse of the retailer, including pointing to former prime minister Liz Truss’ mini-budget for driving up interest rates.
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NewsPoundland yet to reach deal with 15 Wilko store landlords
Poundland has not yet reached an agreement with the landlords of more than 15 former Wilko sites, which it had intended to reopen under its own brand.
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NewsWilko confirms opening dates and locations for first three concept stores
Wilko has revealed the opening dates and locations for its first three concept stores, due to open before Christmas.
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NewsWilko website resumes trading under new owner The Range
The website wilko.com has restarted its home delivery for online orders under its new owner The Range.
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NewsWilko creditors face prospect of as little as 4p in pound payback
Creditors of bust retailer Wilko are expected to lose most of their money, its administrator has estimated.
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NewsWilko: the full and final list of store closures
Wilko will close the last of its remaining stores next month.
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NewsWilko administrators to carry out review of £77m dividends payout
Wilko’s administrators PwC will conduct a review into the dividends paid out to investors in the decade leading up to the retailer’s collapse.
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NewsThe Range makes £5m deal to acquire Wilko brand and website
Value retailer The Range has made a deal to buy the Wilko brand from administrators PwC for around £5m, saving 36 jobs in the process.
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NewsPepco Group to snap up 71 former Wilko stores
Pepco Group has reached an agreement with administrator PwC to acquire up to 71 former Wilko sites.
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AnalysisWhat does the collapse of Wilko mean for the UK high street?
News emerged this morning that a rescue deal by HMV owner Doug Putman had collapsed, leading to a further announcement of the likely closure of all 400 stores and the loss of 12,500 jobs by early October.
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NewsAll Wilko branches to close by next month with the likely loss of 12,500 jobs
All 400 branches of Wilko will close by early October with the anticipated loss of all 12,500 jobs across the business, according to the GMB union.
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NewsWilko rescue deal collapses, putting thousands of jobs at risk
A rescue deal for Wilko being worked on by HMV owner Doug Putman has collapsed, leaving the future of thousands of jobs in limbo.
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Opinion‘Wilko’s rescue deal fiasco is a distraction from the real problem’
A new week brings fresh headlines about Wilko’s struggle to find a rescue deal that would save most of its 400 stores and keep its 12,500 staff employed but, as of the time of writing, the hunt for a buyer rumbles on.
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NewsWilko administrators confirm locations of 51 store closures
Administrator PwC has confirmed the locations where Wilko stores will be closing on September 12 and September 14.
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NewsB&M acquires 51 Wilko stores
Discount retailer B&M will take over 51 Wilko stores, but a wider rescue deal from HMV owner Doug Putman remains uncertain.
