All Insolvency & administration articles
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NewsBodycare snapped up by former Body Shop CEO
An investment group fronted by former Molton Brown and The Body Shop chief executive Charles Denton has acquired embattled beauty retailer Bodycare out of administration.
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NewsModella Capital demands rent cuts from Claireâs landlords
Private equity firm Modella Capital has demanded rent holidays until after Christmas from the landlords of the stores it acquired as part of its ÂŁ3.6m deal to save the struggling retailer, Retail Week understands.
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NewsModella Capital weighs up bid for New Look
New Claireâs Accessories owner Modella Capital is understood to be considering a potential bid for womenswear brand New Look, Retail Week understands.
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NewsClaireâs snapped up by Modella Capital
Embattled fashion accessories retailer Claireâs has been bought out of administration by Modella Capital, which owns retailers TG Jones, Hobbycraft and the Original Factory Shop.
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NewsWestfield launches Allders Parade in former historic department store
Westfield owner Unibail-Rodamco-Westfield (URW) is poised to open the doors to a new retail development inside the historic Allders department store in Croydon this week.
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NewsAll remaining Bodycare stores to close as administrator fails to find buyer
All 57 remaining stores of embattled health and beauty retailer Bodycare are set to be shuttered before the end of the week after administrators Interpath failed to find a buyer for the chain, Retail Week can reveal.
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NewsPoundland axes over 100 roles in head office restructure
Poundland has axed more than 100 roles across its head office in Walsall as part of a company-wide restructure, Retail Week can reveal.
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NewsQuiz records double digit sales growth after restructuring
Scottish fashion brand Quiz has reported double digit sales growth in July and August, after completing what it called a âwide-reaching operational streamlining strategyâ of the business.
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NewsLakeland owner and Dragonsâ Den judge join growing list of Claireâs suitors
Lakeland owner Hilco and Dragonsâ Den judge Touker Suleyman have both joined the growing list of suitors vying to salvage fashion accessores brand Claireâs out of administration.Â
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NewsHMV owner and WHSmith buyer eye up Claireâs deal
The buyer of WHSmithâs high street arm, Modella Capital, and HMV tycoon Doug Putman are potential buyers of bust retailer Claireâs Accessories.
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NewsâBodycare to close raft of stores after appointing administrators
Beauty chain Bodycare is closing several UK stores and has appointed administrators as it battles with a âsignificant funding gap and increasing creditor pressureâ.
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NewsFrasers Group acquires technology retailer Ebuyer out of administration
Frasers Group, whose business include Game, Sports Direct and Studio Retail, has acquired technology retailer Ebuyer out of administration.
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NewsHobbycraft announces it will shut more stores
Hobbycraft has announced that it will be closing more stores this month and in September.
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NewsClaireâs warns store managers to expect bailiffs as US bankruptcy impacts UK trading
Embattled retailer Claireâs has warned managers of its UK stores to expect bailiffs turning up to recover unpaid debts, Retail Week understands.
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InterviewTheo Paphitis: Iâve owned Ryman for 30 years, and this is what Iâve learned
Three decades ago, entrepreneur Theo Paphitis bought stationer Ryman out of administration. He built the business up and became one of the UKâs most recognisable businesspeople, but Covid almost killed Ryman.
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NewsNext buys maternity brand Seraphine and benefits from âtrading disruptionâ at M&S
Next has aquired the maternity brand Seraphine and its IP from its administration as it posts strong second quarter sales growth.
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NewsâRiver Island vote goes to the wire as retailer bets its survival on High Court judgement
Fridayâs vote on River Islandâs restructuring plans is likely to go to the wire with disgruntled landlords set to vote against it, although a High Court âcramming downâ judgement could yet save the brand
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NewsâPepco Group brings in advisers to support Poundland transition to new owners
Former Poundland owner Pepco Group has drafted in an advisory firm to help with the value chainâs move to new owners.
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NewsRiver Island at risk of collapse âwithin weeksâ without rescue plan - report
River Island is set to collapse âwithin weeksâ unless a rescue plan can be agreed with creditors, according to a report in The Telegraph.
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NewsDebenhams âcloseâ to refinancing deal with past department store funder
Debenhams Group is in advanced talks about securing a ÂŁ175m refinancing package with one of the companies behind the 2003 delisting of the former department store potentially involved, according to a Sky News report.