Ann Summers Seeks Property Adviser Amid £3.3m Loss
Lingerie retailer Ann Summers is struggling after suffering a £3.3 million loss last year, blaming rising store costs and...
CVA
Paperchase’s CVA Proposal Approved by Creditors: Store Rent Reductions and Restructuring Plans Ahead
TV Anchor: In a major development, Paperchase's creditors have approved its proposed company voluntary arrangement (CVA), allowing the stationery...
Office Outlet Enters Administration: 1,200 Jobs at Risk
Lead: "Office Outlet, once known as Staples, has entered administration, putting 1,200 jobs at risk. The stationery retailer's collapse...
Debenhams to Close 20 Stores Amid Financial Struggles
Embattled department store chain Debenhams may announce plans to close 20 stores this week, securing a cash injection from...
New Look Plans to Reduce Debt by 80% Through Debt-for-Equity Swap
High street retailer New Look has proposed a debt-for-equity swap to reduce its £1.35 billion debt by 80% to...
Mothercare Slashes Head Office Jobs, Plans Store Closures Amidst Financial Struggles
Mothercare has laid off around 200 staff members from its head office as part of a cost-cutting measure aimed...
Claire’s Denies Rumors of UK Store Closures and CVA
Jewelry and accessories chain Claire's denies reports of potential store closures in the UK, stating that they have "no...
Debenhams Faces Financial Strain as Key Insurer Withdraws Support
Lead: Department store Debenhams faces potential closures or a CVA as its insurance provider Atradius withdraws cover for the...
House of Fraser Closes Three Stores Due to Uncooperative Landlords
In a recent announcement, House of Fraser revealed plans to close three more stores in Hull, Edinburgh, and Swindon...
Debenhams Appoints KPMG Amidst CVA and Closure Rumours
Debenhams, a leading UK department store chain, has hired audit advisors KPMG to explore restructuring plans amid rumors of...