Arcadia Group Announces Store Closures and Restructuring Plan
In a bid for long-term sustainability amidst the highly competitive retail environment, Sir Philip Green's Arcadia Group plans to...
CVAs
Select Fashion Retailer on the Brink of Administration
Fashion retailer Select, with around 180 UK stores and 2,000 jobs at risk, is set to enter administration within...
Debenhams Seeks 50% Business Rates Cut Amid CVA Proposal
Embattled department store Debenhams plans to ask 30 local authorities for a 50% reduction in its business rates bill...
Philip Green Proposes to Halve Arcadia Group’s Pension Payments Amid Restructuring Plan
Sir Philip Green is proposing to halve the annual contributions to Arcadia Group's pension scheme as part of a...
Debenhams Bondholders Support £200m Restructuring Loan Amid Sports Direct’s Bid
Debenhams bondholders are set to approve a £200m restructuring loan today, with a majority already giving consent for the...
Arcadia Plans to Close 67 Stores Across Brands
In a shocking move, Arcadia has revealed plans to close 67 stores across its brands, including Burton, Topshop, Evans,...
Arcadia Group Considers Restructuring, Job Losses and Store Closures Possible
Sir Philip Green's Arcadia Group is set to reveal a Company Voluntary Agreement (CVA) in weeks, potentially leading to...
UK Click-and-Collect Market Set to Reach £9.8bn by 2023
UK's click-and-collect market is projected to grow 45.8% by 2023, reaching £9.8bn, but growth may slow as retailers optimize...
UK Retail Insolvencies Surge: Administrations and CVAs on the Rise
In 2018, retail insolvencies increased by 6% compared to 2017, with 125 retailers entering administration and a 52% rise...
Debenhams Faces Uncertainty as Merchandising Director Resigns Amid Insurer Exit and Restructuring Plans
Debenhams merchandising director Adele Calderwood has reportedly resigned after the company's insurers pulled out. This comes amidst speculation that...