Tag: administration

Convenience Chain Enters into Administration

Convenience chain enters into administration
Posted on 30 June, 2016 by Chris Grigorovsky under Business News, Economy

The retail sector takes another hit this week as convenience chain, My Local, has entered administration, with 1,200 jobs at risk. There have already been 90 stores closed, with a further three to be shut imminently, which will leave just 32 stores... Read More

Savills Appointed Advisor for BHS Portfolio

Savills appointed advisor for BHS portfolio
Posted on 4 May, 2016 by Chris Grigorovsky under Business News, Economy

One week after entering into administration, BHS’ administrators have appointed Savills to help with its portfolio. The administrators, Duff & Phelps, are currently attempting to find a buyer for the struggling high street retailer, with concerns for... Read More

BHS Files for Administration

Judgement day awaits BHS today
Posted on 25 April, 2016 by Chris Grigorovsky under Business News, Economy

High Street Retailer British Home Stores has had "no alternative" and officially gone into administration following a struggle with £1.3bn worth of debts. For 88 years, the department store has been a mainstay in UK high streets but now it faces a... Read More

Judgement Day Awaits BHS Today

Judgement day awaits BHS today
Posted on by Chris Grigorovsky under Business News, Economy, Industry News

Iconic high street retailer BHS is facing uncertainty today, as the store could be filing for administration due to £1.3bn of debt and a stand-off between its owner and the biggest lender. The store’s original majority stakeholder and owner of... Read More

Barratts goes into Administration for a Third Time

Posted on 13 November, 2013 by MOVEHUT under Business News, Economy

Barratts, the high street shoe chain went into administration for the third time in four years on Remembrance Day. The appointed administrators, Duff & Phelps are looking at ways to either restructure the business or find a buyer. A buyer did show... Read More

Administrators Confirm Store Closures for JJB Sports

Posted on 11 October, 2012 by Kirsten Kennedy under Business News

The poor economic conditions in the UK currently are taking their toll on the high street, with multiple chains and independent stores posting poor sales, profit warnings and even administration announcements on an almost weekly basis. Most recently, sporting... Read More

Shares Suspension at JJB Sports puts Workers on Edge

Posted on 26 September, 2012 by Kirsten Kennedy under Business News

The past few months have seen troubled retailer JJB Sports go through a great deal of turbulence in terms of the future for the business.... Read More

Sports Direct Boss to Buy Out Struggling JJB Sports International

Posted on 20 September, 2012 by Kirsten Kennedy under Business News

With the recession seeing many commercial property chains go into administration, it is hardly surprising that big business owners are taking advantage of their rivals’ difficulties by making offers that boards of directors find hard to refuse.... Read More

Travelodge Offloads Hotels in Bid to Save Business

Posted on 8 September, 2012 by Kirsten Kennedy under Business News, Economy

As everyone knows, it has been a bit of a tough summer in Britain for many businesses.... Read More

76 Clinton Cards Stores to Close for Good

Posted on 24 July, 2012 by MOVEHUT under Business News

Some of you may be thinking that Clinton Cards has been sold to American Greetings Corporation. That is correct, but the sale didn’t include all of the commercial properties owned by Clinton Cards Plc.... Read More