All Insolvency & administration articles
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NewsModa in Pelle CEO departs and replaced with founderâs son
The chief executive of embattled footwear retailer Moda in Pelle has left the business and been replaced by the founderâs son, Retail Week understands.
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NewsModa in Pelle served winding-up petition over unpaid debts
Troubled footwear retailer Moda in Pelle has been served with a winding-up petition related to unpaid debts following reports that the company was reviewing its financial position, Retail Week has learned.
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NewsQuiz stores to trade through May as administrators wind down stock pile
Quiz stores are expected to remain open through the month of May and possibly into June as administrators wind down the fashion retailerâs stock pile, Retail Week understands.
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NewsTGJones could collapse into insolvency by summer
Modella Capital has told creditors to back its restructuring proposals or risk the business collapsing into insolvency by the end of July, according to restructuring plans seen by Retail Week.
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AnalysisTGJonesâ restructuring plan reveals a businessâ desperate fight for survival
Retail Week has seen the restructuring plan put forward to creditors and landlords by TGJones owner Modella Capital. The details make for grim reading.
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NewsTGJones owner details restructuring proposals putting stores and jobs at risk
Modella, the owner of TGJones, has launched a restructuring plan involving the shuttering of up to 150 branches and hundreds of job losses.
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NewsTGJones closes in on debt refinancing deal
TGJones, the rebranded WHSmith high street business, is nearing a refinancing of debt facilities, it is understood.
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NewsFrasers rides to the rescue of childrenâs bicycle-maker
Frasers Group has continued its spending spree by riding to the rescue of childrenâs cycle-maker Frog Bikes.
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AnalysisWhy TGJonesâ impending restructuring has the retail property sector worried
With TGJonesâ long-expected restructuring proposals expected to be put forward soon, financial advisory firms are privately worried that Modella Capitalâs latest attempts at a âcram-downâ could kill the measure off for good
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NewsOver a thousand jobs to go as Claireâs ceases trading
The administrators of Claireâs have confirmed that 1,300 remaining staff have been made redundant, as the business has today been wound up.
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NewsTOFS stores and head office closed as Interpath begins winding business down
All remaining TOFS stores have been shut, its head office closed, and all remaining staff members have been made redundant, with administrators now in the process of winding the business down, Retail Week can confirm.
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NewsOnBuy plans to launch Comet in time for autumn
UK-founded marketplace OnBuy is due to launch Comet later this year, Retail Week can reveal.
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NewsBodycare to open six UK stores in return to the high street
Embattled value beauty chain Bodycare is set to open six new stores in the UK as it returns to the high street following its rescue from administration in October 2025.
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NewsQuiz stores to be reviewed by administrators at the end of April
Administrators Interpath will review whether to continue trading from the 40 Quiz stores currently open at the end of April, provided no rescue deal can be reached in that time, Retail Week understands.
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AnalysisWith another rescue bid in the offing, does Claireâs deserve saving?
Embattled fashion accessories retailer Claireâs was thrown another potential life ring this week when the brandâs European owner revealed he was in talks to acquire its UK stores business.
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NewsFrench businessman makes attempt to rescue Claireâs
A French jewellery businessman is in talks with Claireâs as he plans to rescue the business from complete collapse.
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NewsâBeauty Bay sold to French-owned investment group
Manchester-based Beauty Bay has been sold to a French-owned investment group after it lined up administrators last month.
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OpinionâWHSmith canât be expected to bail out Modellaâs embattled TGJonesâ
WHSmith has challenges of its own to cope with, and itâs impossible to see why it would divert any focus to the fortunes of its former high street arm. Ultimately, the buck stops with TGJonesâ owner, Modella, observes George MacDonald
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NewsTGJones owner approaches restructuring firm over store closure plans
Modella Capital, the owner of TGJones, has approached Teneo to help draw up plans to restructure the business.
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NewsHobbycraft owner explores sale after takeover interest
Hobbycraft owner Modella Capital is exploring a possible sale of the crafting specialist after receiving a takeover offer.