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Retail Update - October 2018
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Posted At: 22 October 2018 14:21 PM
Related Categories: Retailer At Risk, Store Closures |
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Continuing the pattern of the year, the retail world is still a bit gloomy.
The high street continues to suffer retail losses; both Orla Kiely and Aspire Style closed their stores and website and Mountain Warehouse took the decision to close its Zakti standalone store format, choosing to rebrand them as it reshuffles its estate. The last week alone has seen Coast fall into administration with the closure of 24 stores and the rest of the business being acquired by Karen Millen. American Golf also entered administration but was immediately bought by private equity investor Endless. Many other retailers teeter on the edge, not helped by a 2.4% increase in inflation which will add an additional £186.45m to retailer’s business rates bill next April.
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Retail Update - October 2016
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Posted At: 20 October 2016 16:45 PM
Related Categories: Administrations, Retail, Retailer At Risk, Retailers |
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Since our last update, bakery and catering company Peyton and Byrne has gone into administration following the loss of contracts at London’s Kew Gardens and the British Library. The bakery business has been sold as a separate entity to Peyton and Byrne Bakeries Limited, a new business owned by the Peyton family, and its five existing public catering contracts have been sold as part of a pre-packaged sale to foodservice company Sodexo. read more...
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Retail Update - May 2016
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Posted At: 19 May 2016 17:13 PM
Related Categories: Administrations, Retail, Retailer At Risk, Retailers |
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Since our last update, when BHS and Austin Reed Group had negotiated CVAs, both have now succumbed to administration. Although both have attracted a lot of interest, no announcement has yet been made regarding the future of these iconic brands. read more...
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Retail Update - December 2014
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Posted At: 18 December 2014 15:12 PM
Related Categories: Administrations, Retailer At Risk, Retailers |
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With Christmas fast approaching, it is pleasing to note that other than Mexx – which had very little UK presence left following financial troubles in 2008 and has now been declared bankrupt... read more...
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Retail Spotlight: Phones 4 U
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Posted At: 22 September 2014 00:24 AM
Related Categories: Administrations, Retailer At Risk, Retailers |
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Founded in 1987 by the Caudwell Group, Phones 4 U was the UK's fastest growing independent mobile phone retailer with more than 690 stores across the UK and Northern Ireland, and an online shopping facility. On 26 September 2006, the business was sold for a sum of £1.46 billion to private equity firms Providence Equity Partners and Doughty Hanson, before later being sold on again to BC Partners in 2011.
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Who's next?
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Posted At: 27 July 2012 16:36 PM
Related Categories: Retailer At Risk, Retailers, Social Commentary |
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FSP’s multi–layered approach* to identify retailers at risk read more...
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