Administration news and archive

Number of retail administrations rose by 6 percent in 2018

The number of UK retailers going into administration in 2018 rose 6 percent from 118 in 2017, according to research by Deloitte, reported by City AM. Of those that fell into administration, 26 were large brands - an increase from 17 in 2017. Retail Company voluntary arrangements (CVAs) rose by 53 percent in 2018, with Deloitte’s research showing...

Business

Slipper brand Mahabis enters administration

Premium footwear brand Mahabis, known for its slippers with detachable soles that enables the footwear to be worn both inside the home and out, has entered administration. Founded by entrepreneur Ankur Shah in 2014, Mahabis, which claims to have sold nearly a million pair of slippers to customers in more than 100 countries, called in...

Report

Slipper brand Mahabis enters administration

Management

Henri Lloyd acquired out of administration

British sailing apparel brand Henri Lloyd has been bought out of administration by Aligro UK Limited, in a deal which has led to 128 jobs being axed. The clothing retailer, best known for its sailing and water resistant apparel, appointed Chris Ratten and Jeremy Woodside from RSM Restructuring Advisory LLP as joint administrators of Henri-Lloyd...

Management |UPDATE

Bench's IP assets to go up for sale following administration

London - The intellectual property assets from British contemporary brand Bench have gone up for sale following its administration. Bench previously filed for administration on April 30, putting 176 jobs in the UK at risk, as well as 170 jobs within its German operations. Now joint administrators Kerry Bailey, Martha Thompson and Antony Nygate...

Management

Calvetron Brands files for administration

Calvetron Brands Limited has filed for administration. The group, which operates in the United Kingdom, Canada, Ireland and United Arab Emirates, has appointed Benjamin Wiles, Philip Duffy and Trevor Birch of Duff & Phelps as their administrators this Friday, as confirmed by Duff & Phelps to FashionUnited. The company is responsible for the...

Management

Bench files for administration, putting 340 jobs at risk

London - Keeping consumers engaged remains challenging on the UK high street for fashion retailers as another brand is set to enter into administration. Fashion label Bench Limited has filed for the appointment of an administrator following tough trading conditions. The move sees Bench, founded in Manchester in 1989, placing 176 jobs at risk...

Management |OVERVIEW

Fashion retailers who struggled to stay afloat in 2017

London - 2017 was not an easy year for most businesses - especially not for UK retailers. Economical and political uncertainty following the Brexit vote put even more pressure on consumer spending habits and retailers who were unable to execute a winning strategy found themselves in hot water. 42 major retailers went bust over the course of...

Report

Shoon shuts stores after entering into administration

London - Footwear retailer Shoon has entered into administration once more after attempts to find a suitable buyer did not succeed, leading to the loss of approximately 45 jobs. Shoon appointed Neil Bennett and Alex Cadwallader from Leonard Curtis as joint administrators last week. The footwear chain has shut its stores in Winchester, St Albans,...

Report |UPDATE

UPDATE: Greenwoods purchased out of administration

London - Specialist menswear retailer Greenwoods has been bought out of administration by Versatile International Trading. The move sees 40 Greenwoods stores being saved, along with 181 jobs as well as the closure of 22 stores, resulting in the loss of 88 jobs. The sale includes Greenwoods' remaining 40 stores, together with its central...

Report

Menswear specialist Greenwoods enters into administration

London - Menswear and formal hire label Greenwoods has entered into administration. The Bradford-based retailer, which employs more than 300 people, has appointed Deloitte as its administrators, raising concerns for the future of the company. Adrian Berry and Clare Boardman from Deloitte have been appointed as joint administrators of the...

Report |UPDATE

Bentley retains registered UK trademark against Bentley Motor

UK apparel brand Bentley continues its legal battle against Bentley Motors Ltd, who seeks out to cancel the former brand's registered trademark in the UK. Bentley Motors latest attempt to pull the plug on Bentley's registered trademarks for apparel has fallen through once more, as the Intellectual Property Office maintained Bentley's 1962...