All Insolvency & administration articles – Page 9
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NewsMoss Bros launches CVA as coronavirus hammers sales
Menswear retailer Moss Bros has announced a CVA to mitigate the impacts of the pandemic and help secure a future for the business.
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NewsArcadia teeters on brink of collapse, 13,000 jobs at risk
Sir Philip Green’s Arcadia empire could collapse into administration as soon as next week.
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NewsJD Sports enters talks with Debenhams over rescue bid
Sports fashion retailer JD Sports has entered exclusive talks with Debenhams over a rescue bid that could secure the future of the struggling department store chain.
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NewsEdinburgh Woollen Mill brands Jaeger and Peacocks appoint administrators
Edinburgh Woollen Mill Group has appointed administrators for Jaeger and Peacocks.
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NewsEdinburgh Woollen Mill falls into administration, 2,500 jobs at risk
Edinburgh Woollen Mill (EWM) has appointed administrators as the impact of the coronavirus pandemic hammers its business performance.
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NewsMike Ashley hits out at Debenhams as liquidator waits in wings
Mike Ashley has raged after allegedly being excluded from the race to buy Debenhams as restructuring firm Hilco prepares to liquidate parts of the business.
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News
Laura Ashley partners with Next to relaunch homewares
Laura Ashley has announced a partnership with Next to sell its home products both online and in stores.
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NewsIntu Metrocentre taken over by Sovereign Centros
Shopping centre operator Sovereign Centros has taken ownership of the Metrocentre in Gateshead, as the assets of former institutional landlord Intu continue to be sold off.
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NewsDebenhams suitors given three-day deadline to make a bid
Potential suitors to buy struggling department store chain Debenhams have been given until the middle of this week to make a £300m to rescue the retailer.
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NewsGap mulls closure of all European stores and UK warehouse
American fashion chain Gap is considering closing all of its European stores and operating in the region purely through partnerships, potentially putting hundreds of jobs at risk.
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NewsEdinburgh Woollen Mill tycoon Philip Day plots bid to buy back Peacocks
Edinburgh Woollen Mill tycoon Philip Day is plotting a bid to save budget fashion chain Peacocks and jettison the rest of the group.
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NewsClarks launches CVA in bid to close stores as part of rescue deal
Footwear specialist Clarks has launched a CVA in a bid to shutter stores and secure a much needed cash injection from outside investors.
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NewsLandlords mull legal action against retailers as rent slumps to new lows
Landlords are considering taking action against “well capitalised” retail businesses refusing to pay rents under the cover of the government’s moratorium, as takings for yesterday’s September quarterly rent day slid to just 12.7%.
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NewsRevo chief executive warns of £2bn retail rent blackhole
Revo’s chief executive has warned of the consequences of retailers not paying rents, saying landlords are facing a £2bn arrears blackhole that will have knock-on effects across the industry.
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NewsAspinal of London launches CVA in bid to shutter stores and move online
British heritage brand Aspinal of London has proposed a company voluntary arrangement (CVA) with the aim of moving the brand online.
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Opinion‘Landmark CVA vote must usher in a New Look for retail rents’
One line stood out in New Look chief executive Nigel Oddy’s statement this afternoon after creditors rubber-stamped its controversial company voluntary arrangement (CVA).
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NewsNew Look CVA gets green light from landlords saving over 11,000 jobs
New Look has had its company voluntary arrangement (CVA) seeking to move over 400 of its stores on to turnover-based rents approved by creditors, saving over 11,000 jobs.
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NewsNew Look future hangs in balance as property giants reject CVA
Two of New Look’s biggest landlords are poised to vote against its crunch CVA today in a move that will throw the fashion retailer’s survival into doubt.
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Opinion‘If landlords reject New Look CVA, they’ll be next in line for administration’
A lot of people have had to swallow bitter pills to help safeguard the future of New Look. Now one final group, landlords, is being asked to share the harsh medicine.
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NewsNew Look requires backing of half of large landlords to pass CVA
Embattled fashion retailer New Look will need to convince at least 10 of its 20 largest landlord creditors to support its CVA or risk “Armageddon”.
