All MFI articles – Page 3
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News
Carpetright targets high street as property prices plummet
Carpetright, the UK’s largest flooring retailer, is shifting its focus from out-of-town back to the high street to take advantage of falling rents, which have plunged by as much as 50 per cent.
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News
MPs call for more scrutiny of pre-packs
MPs have called for tighter regulations and more scrutiny of pre-pack administrations.A report by the Business and Enterprise Committee into the actions of the Insolvency Service found that public confidence in insolvencies would be damaged “unless prompt, robust and effective action” is taken to ensure pre-packs are “transparent and free ...
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PricewaterhouseCoopers: Sales to be had in high street shake-up
The number of retail pre-pack administrations will climb this year as the recession takes its toll, but fewer chains will disappear from the high street completely.
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News
Mydeco.com launches discounted goods site
Furniture and homewares e-tailer Mydeco.com has launched an outlet site for clearance stock and products from defunct retailers to lure cash-strapped shoppers.
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News
MFI leases cost Galiform £100m
The MFI leases that reverted back to former parent company Galiform when the furniture retailer collapsed last year have cost it nearly 100m.
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Trading Bargains: The Range owner to sell MFI stock in temporary outlets
Retail tycoon Chris Dawson, owner of The Range, has opened a raft of temporary stores under the new fascia Trading Bargains to trade stock bought after the collapse of MFI.
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News
Hundreds of retailers poised to collapse next year
Hundreds of retailers will hit the buffers next year as the recession kicks in, according to a retail insolvency expert.
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News
MFI customers to get refund as all stores close
MFI customers with outstanding orders will get their money back after all stores were closed down on Friday.
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News
MFI swamped by bargain-hunters after its collapse
Shoppers have flocked to MFI stores as the defunct retailer offered discounts of up to 80 per cent following its administration last week.
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News
Retail failures up 17 per cent
More than a thousand retail businesses have hit the buffers in the past year, with more failures expected due to poor Christmas trading.
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News
26 stores to close as MFI administration is confirmed
Updated: MFI has confirmed that it has gone into administration and that 26 of its stores will be closed.
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News
MFI files for administration
Updated: Staff at troubled kitchen retailer MFI were called to a meeting this morning where they were told the company has applied to go into administration. A notification of intention to file for administration was filed with the High Court last night and the company is expected to go ...
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News
String of up-for-sale MFI stores set to shut
Some of the 81 MFI stores placed into administration last week are to close because no purchasers have been identified.
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News
MFI 'not paying redundancy money' to call centre staff
More than 130 MFI call centre workers who lost their jobs last month are unlikely to be paid any redundancy money, according to The Times.
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News
MFI retail and property divisions placed into administration
MFI placed its retail and property divisions into administration yesterday after the completion of a management buyout led by chief executive Gary Favell.
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News
MFI to secure deals on rent holiday
Property giant Land Securities is understood to have provisionally agreed to allow embattled furniture retailer MFI a three-month rent holiday.
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News
MFI rescued by management buy-out
MFI has been saved from administration in an 11th-hour rescue deal that will allow the management to buy the beleaguered furniture chain.
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News
MFI in emergency talks with landlords
MFI is reported to be in emergency talks with landlords over the future of its rental terms.
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News
MFI 'seeks emergency funding'
MFI parent company Merchant Equity Partners (MEP) has appointed Argyll Partners to find new investors that can pump money into the company as a matter of urgency.
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News
Galiform and Merchant Equity settle MFI row for £8 million
Building supplies group Galiform has agreed to pay Merchant Equity Partners 8 million in settlement of a dispute arising from the sale of MFI’s retail business to the private equity firm.
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