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In Focus: Grabal Alok (UK)
Grabal Alok (UK) might not mean much to many UK market-watchers, but it is the resting place of two value clothing format pioneers - QS and Bewise - with other names from retail history thrown in for good measure.
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Store Twenty One close to missing rent payments
Store Twenty One is understood to be in talks with its lender over its quarterly rent payments, which could push the retailer into administration if unpaid.
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Store Twenty One considers future of the business
Value fashion retailer Store Twenty One has appointed restructuring expert AlixPartners to review the business, with options including a CVA or a sale.
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Store Twenty One expected to shut nearly 80 stores as CVA approved
Store Twenty One’s creditors have approved a company voluntary arrangement (CVA) that will result in nearly 80 store closures, it is believed.
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Store Twenty One expands as cost-saving meaasures cut losses
Value retailer Store Twenty One reduced losses by £15m last year but fell short of making its first profit in a decade.
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Store Twenty One staff accuse retailer of failing to pay wages
Store Twenty One staff have laid bare a retailer allegedly unable to pay employees, who say they are trapped and angry due to their precarious employment.
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Strong sales spur on QS growth push for Store 21
Value-fashion retailer QS is on the expansion trail after a period of strong sales growth.
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QS owner resolves to make profit despite losses of £21m last year
The owner of QS has vowed to make the value fashion retailer profitable this year despite recording a £21.4m pre-tax loss last year.
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QS forced to refinance after £25m loss and falling sales
QS is renegotiating one of its bank loans after incurring a 25 million pre-tax loss.
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Troubled Store Twenty One pleads for urgent rent relief
Troubled fashion retailer Store Twenty One has written to its landlords asking for an immediate cut in rent, warning that without help it faces liquidation.