All Insolvency & administration articles – Page 16
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News
Office Outlet CVA approved by creditors
Office Outlet will shutter four of its stores, with the loss of almost 50 jobs, after creditors unanimously approved its CVA.
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News
Homebase to axe 42 stores as creditors approve CVA
Homebase has been given the green light to shut 42 of its stores after its CVA plan was approved by creditors.
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News
House of Fraser warehouses close again amid XPO row
House of Fraser’s distribution centres have closed for a second time amid the ongoing row between new owner Mike Ashley and XPO Logistics.
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News
Updated: Homebase names 42 stores for closure
Homebase intends to shut 42 stores, putting 1,500 jobs at risk, as part of its turnaround push.
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News
BHS auditor PwC slammed in damning watchdog report
Financial accounts of failed department store chain BHS contained “incomplete, inaccurate and misleading” statements following failings by auditor PwC, a new report has ruled.
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News
House of Fraser calls in administrators as rescue talks fail
House of Fraser has tumbled into administration after last ditch talks to save the business collapsed.
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News
Poundworld: 80 more stores and 1,000 jobs to go
Poundworld administrators will close another 80 stores next week, on top of the 25 already set to close this weekend.
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News
Poundworld's founder drops his rescue bid
Poundworld founder Chris Edwards has ditched talks to rescue the business, pushing more than 5,000 jobs closer to the precipice.
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Opinion
How BHS turned Sir Philip Green from hero to zero
Retail Week executive editor George MacDonald reviews Damaged Goods, Oliver Shah’s new book on Sir Philip Green and the demise of BHS.
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News
More job losses after Jacques Vert fails to find buyer
Jacques Vert concessions will shut after administrators failed to find a buyer.
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News
FRC launches investigation into Conviviality collapse
Accountancy regulators have launched a probe into the dramatic collapse of booze retailer and wholesaler Conviviality.
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News
Green seeks gagging order over fresh BHS report
Arcadia tycoon Sir Philip Green is battling to prevent the publication of a report into the collapse of BHS amid claims it could damage his reputation.
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Analysis
Analysis: High street SOS – what needs to change?
Since the beginning of this year, 21,000 retail jobs have been lost as businesses as diverse as Toys R Us, Maplin, House of Fraser and Poundworld have entered administration or pursued CVAs.
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News
Poundworld founder hopes to pull off rescue deal
Poundworld entrepreneur Chris Edwards is considering buying back part of the value retailer’s business following its collapse into administration yesterday.
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Data
Data: Which retailers stand to gain from HoF's CVA?
House of Fraser’s decision to shut 31 of its 59 UK stores will have an impact on high streets up and down the UK.
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News
Lord Kirkham-founded Fabb Sofas enters administration
Fabb Sofas has fallen into administration less than two years after it was founded, due to a lack of external funding.
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News
Poundworld future in doubt as Alteri ditches rescue bid
Poundworld’s talks with Alteri Investors have ended at the eleventh hour, casting fresh doubt over the survival of the beleaguered value chain.
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News
Poundworld closing in on rescue deal with Alteri
Former Austin Reed owner Alteri Investors is closing in on a deal to rescue embattled Poundworld.
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News
House of Fraser insists CVA plan ‘on track’
House of Fraser has insisted it is “on track” with plans to launch a CVA and secure new investment despite an alleged battle with its lenders.
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News
Poundworld founder Chris Edwards eyes rescue bid
Poundworld’s founder and former boss Chris Edwards is mulling a move to rescue the embattled business.