Tag : administration
Beales collapses into administrationSubscription
Department store chain Beales has gone into administration, putting more than 1,000 jobs at risk.
Failure to adapt leaves Beales on the brinkSubscription
Department store Beales’s secondary store locations and failure to adapt to the rapidly changing environment have led it to the brink of administration, analysts have told Drapers.
Beales on brink of collapseSubscription
Department store Beales has warned it could collapse into administration if it fails to find a buyer.
CVAs are 'a sticking-plaster solution' Subscription
More than half of retailers that underwent a company voluntary arrangement from 2016 onwards have fallen into administration, new research has shown.
Peacocks preferred bidder for Bonmarché Subscription
Bonmarché has chosen value retailer Peacocks as its preferred bidder, which would result in 30 “underperforming and unsustainable” stores shutting by 11 December and “potential” redundancies.
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.