All Insolvency & administration articles – Page 18
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News
Maplin sale hopes fade as retail rivals circle stores
A clutch of retailers are circling Maplin’s store estate as its hopes of securing a rescue deal rapidly evaporate.
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Opinion
Opinion: Focus on selling well, not price, to survive
It’s only March and we can already see the pressure mounting across retail. The list of distress is already long enough – Mothercare, New Look, Toys R Us, Maplin.
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News
Maplin administrators draft in GCW to aid sale efforts
Maplin’s administrators have drafted in commercial property experts GCW to advise on the collapsed retailer’s portfolio as they ramp up efforts to secure a sale.
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Analysis
Analysis: Lessons from Maplin and Toys R Us’ collapse
The air of inevitability about Toys R Us and Maplin’s collapse into administration can teach other retailers a great deal.
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News
Maplin and EWM race to secure rescue deal
Maplin’s negotations with potential buyer Edinburgh Woollen Mill have reached a standstill despite the imminent prospect of administration.
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News
Maplin in talks with EWM as it races to secure sale
Maplin is understood to be in crunch talks with potential new suitors, including Edinburgh Woollen Mill, as the struggling electricals firm urgently seeks a “solvent sale”.
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News
Toys R Us UK on brink due to £15m tax bill
Toys R Us UK is reportedly searching for a rescue deal to prevent it from falling into administration at the end of the month.
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News
Beds firm Warren Evans collapses into administration
Beds specialist Warren Evans is the latest furniture retailer to have slumped into administration.
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News
Pensions Regulator bills ex-BHS owner Chappell £10m
The Pensions Regulator has billed former BHS owner Dominic Chappell £10m in an effort to recover money owed to the collapsed retailer’s pension scheme.
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News
East enters administration for third time in four years
Fashion retailer East has collapsed into administration for the third time in just four years.
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News
Toys R Us creditors throw retailer a lifeline
Toys R Us creditors have voted in favour of the toy retailer’s survival plan, averting the immediate threat of administration.
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News
Toys R Us future in doubt as PPF blocks survival plan
The future of Toys R Us in the UK has been plunged into doubt after the Pensions Protection Fund (PPF) said it would block the retailer’s proposed restructuring plan.
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News
Poundland seeks to reassure staff as Steinhoff reels
Poundland has sent a statement to its employees insisting that despite its credit cover being downgraded it expects “no impact on the business in terms of supply”.
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News
Multiyork starts wind-down with first wave of job cuts
Multiyork administrators have begun a managed wind-down process, which entails making 112 redundancies at the retailer’s Thetford headquarters.
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News
Palmer & Harvey administration leaves 2,500 jobless
Wholesaler Palmer & Harvey has collapsed into administration, causing 2,500 redundancies and leaving another 900 jobs at risk.
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News
Feather & Black follows Multiyork into administration
Feather & Black has tumbled into administration just a week after its stablemate Multiyork, putting 123 jobs at risk.
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News
Multiyork collapses into administration
Furniture retailer Multiyork has tumbled into administration, leaving the future of its 50 stores and 547 staff hanging in the balance.
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News
Toys R Us files for bankruptcy protection in N. America
Toys R Us’ American and Canadian business has filed for bankruptcy protection, just two weeks after it hired lawyers to explore restructuring options.
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News
Toys R Us hires lawyers to explore US restructuring
Toys R Us in the US has hired lawyers to explore restructuring options ranging from bankruptcy to raising financing and restructuring debt.
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News
Rent-to-own firm Buy As You View appoints administrator
BrightHouse rival Buy As You View has appointed administrators after suffering heavy losses, Sky News reported.