New Owners of The Body Shop Seek £30M+ Working Capital Amid Rescue Deal
In a recent development, The Body Shop is on the verge of securing over £30 million in working capital...
administration
Topps Tiles Rescues CTD Tiles from Administration
Topps Tiles acquires CTD Tiles brand and assets in a £9m deal as CTD falls into administration, gaining 30...
Ted Baker to Close Remaining Stores Amid Stalled Licensing Talks
In a blow to over 500 employees, Ted Baker's remaining 31 stores are set to close this week due...
Tapi Carpets Acquires Carpetright Assets After Collapse, Saves Some Stores but Loses Over 1000 Jobs
Tapi Carpets acquired Carpetright's stock and store leases for £3.7 million after the flooring chain collapsed last month. The...
UK Retail News Roundup: Asda’s Struggles and Safety Measures at Pret A Manger
Asda's chair, Lord Rose, expresses embarrassment over a 5.3% drop in sales and a decline in market share, suggesting...
The Floor Room, Carpetright’s Sister Firm, Collapses into Administration
In a blow to the retail industry, Carpetright's sister company The Floor Room has collapsed into administration, resulting in...
Ted Baker Design Group to Cut 30 Jobs Amid Store Closures
In a recent development, Ted Baker Design Group (TDG), operated by PDS Group, plans to eliminate one-third of its...
Ted Baker on the Brink of Closing All UK Stores Amidst Financial Struggles
Embattled fashion retailer Ted Baker is reportedly considering closing all its stores within weeks, following the collapse of No...
Tapi Acquires Carpetright Brand, Saves 300 Jobs but Cuts Over 1,500
Tapi acquires Carpetright brand and 54 stores, saving over 300 jobs but cutting more than 1,500; administrators express regret...
Tapi Rescues Carpetright Brand and 54 Stores in Multimillion-pound Deal
In a major development, flooring specialist Carpetright is set to be rescued by rival company Tapi in a multimillion-pound...