Tag : administration
Mothercare UK to shut by February Subscription
Mothercare’s UK business will be wound down by February, resulting in 79 store closures and 2,500 redundancies, Drapers can reveal.
Mothercare falls into administration Subscription
Mothercare’s UK business has collapsed into administration, putting 2,500 employees at risk.
Bonmarché may close 100 stores if not soldSubscription
Bonmarché has earmarked around a third of its store portfolio for closure if the business cannot be sold, Drapers understands.
Mothercare collapse lays bare limits of CVA Subscription
Mothercare’s decision to appoint administrators to its UK operation has “come as no surprise”, as it has been unable to restructure the business fast enough to cope with changing retail trends, industry experts have told Drapers.
Forever 21 UK stores to close next yearSubscription
Forever 21’s three UK stores, located in London, Liverpool and Birmingham, will close in the New Year, after it fell into administration.
Industry sources speculated this week that Edinburgh Woollen Mill owner Philip Day would buy back Bonmarché out of administration, while observing there was “a lot of work to do” to revive the failed value retailer.
Bonmarché falls into administrationSubscription
Bonmarché has fallen into administration today, putting 2,900 jobs at risk.
LK Bennett creditors owed £32mSubscription
LK Bennett’s creditors, including suppliers, are thought to be owed more than £31.9m, a report from administrator EY has shown.
Company administrations reach five-year high Subscription
The number of companies going into administration at the start of 2019 climbed to the highest level in five years, new research has found.
Profits plummet at DebenhamsSubscription
Adjusted EBITDA at Debenhams dropped by 36.6% to £65.9m in the 26 weeks to 2 March, as a result of lower sales and a decline in gross margins.