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Tag: administration

Intu CEO Matthew Roberts exits following administration

Intu employees were informed by administrators KPMG on Friday of CEO Matthew Roberts’ decision to leave // Intu CEO Matthew Roberts resigns a week after the company fell into administration // KPMG is retaining key Intu operational staff to ensure the continued running of its 17 UK shopping centres Intu chief executive Matthew Roberts has …

Intu CEO Matthew Roberts exits following administrationRead More

Harveys falls into administration with loss of 240 jobs | Business

The coronavirus lockdown has prompted some of the UK’s most prominent companies to announce large-scale job losses. The aviation, automotive and retail sectors have been among the worst hit, as businesses adjust to dramatically reduced revenue projections. While the government’s job retention scheme has so far protected millions of jobs, fears are mounting that unemployment …

Harveys falls into administration with loss of 240 jobs | BusinessRead More

Shopping centre owner Intu collapses into administration | Business

Intu Properties has collapsed into administration after the heavily indebted shopping centre owner failed to secure an agreement with its creditors. The company, whose centres include Lakeside in Essex, the Trafford Centre in Manchester and Gateshead’s Metrocentre, has debts of more than £4.5bn and was unable to persuade lenders to grant a standstill on debt …

Shopping centre owner Intu collapses into administration | BusinessRead More

202 immediate job cuts as Oasis & Warehouse files for administration

// Oasis and Warehouse group files for administration, appointing Deloitte to handle the process // 202 jobs have been made redundant, while 1800 others are on furlough // Oasis, Warehouse & The Idle Man continue to trade online in the short-term while administrators assess options An immediate 202 jobs have been made redundant and a …

202 immediate job cuts as Oasis & Warehouse files for administrationRead More

Oasis and Warehouse fall into administration with loss of 200 jobs | Business

Oasis and Warehouse have collapsed into administration with the immediate loss of 200 jobs and more than 1,800 at risk, as the fashion chains become the latest retailers to be hit by the coronavirus crisis. Oasis and Warehouse Limited, which also includes The Idle Man and Bastyan Fashion, has appointed administrators from the advisory firm …

Oasis and Warehouse fall into administration with loss of 200 jobs | BusinessRead More

Oasis and Warehouse close to collapsing into administration | Business

The fashion chains Oasis and Warehouse are set to collapse into administration as early as Tuesday, putting some 2,300 jobs at risk. The advisory firm Deloitte is lined up to handle the insolvency process for the retail chains, which, until the coronavirus lockdown, operated 90 standalone stores and more than 400 concessions in department stores …

Oasis and Warehouse close to collapsing into administration | BusinessRead More

Cath Kidston the latest to prepare for administration amid coronavirus crisis

A notice of intention to appoint administrators means Cath Kidston would be granted 10 days of breathing space and protection from creditors. // Cath Kidston places administrators from Alvarez & Marsal on standby // The retailer had already been undertaking an urgent review and was urgently seeking a buyer // The sale process was still …

Cath Kidston the latest to prepare for administration amid coronavirus crisisRead More

Carluccio’s and BrightHouse collapse into administration | World news

The Italian restaurant chain Carluccio’s and rent-to-own retailer BrightHouse both collapsed into administration on Monday, putting about 4,400 jobs at risk, in the first sign of the government’s coronavirus lockdown biting the high street. Geoff Rowley, of FRP Advisory, who was appointed administrator of Carluccio’s on Monday, said he was hoping to mothball the business …

Carluccio’s and BrightHouse collapse into administration | World newsRead More

Carluccio’s set to file for administration amid coronavirus shutdown | World news

The Italian restaurant chain Carluccio’s and the rent-to-own retailer BrightHouse are expected to be among the first high-street casualties of the coronavirus shutdown, putting about 4,400 jobs at risk. Carluccio’s is understood to be preparing to file for administration. FRP Advisory, the restructuring specialist, confirmed it was working with the chain, which has 73 branches …

Carluccio’s set to file for administration amid coronavirus shutdown | World newsRead More

Laura Ashley to file for administration as coronavirus takes toll | Business

Laura Ashley is to file for administration as the embattled fashion and furnishings firm said rescue talks had been thwarted by the coronavirus outbreak. The move comes only days after reports that the company, which operates more than 150 British stores and has 2,700 employees, was seeking a £15m emergency loan by the end of …

Laura Ashley to file for administration as coronavirus takes toll | BusinessRead More