Mattressman’s Inaccurate Accounts Lead to CVA and Store Closures
Mattressman, a UK bed retailer, has entered into a Company Voluntary Agreement (CVA) due to incorrect management accounts that...
store closures
Mattressman Enters CVA, Closes 14 Stores Amidst Slump in Sales
Mattressman, a bed retailer, is entering a Company Voluntary Agreement (CVA) leading to the closure of 14 stores and...
House of Fraser’s CVA Approved: 31 Stores to Close Amid Restructuring Plan
In a major development, House of Fraser's Company Voluntary Arrangement (CVA) proposals have been approved by the company's creditors,...
House of Fraser Renews Strategy Amidst CVA Vote and Potential Store Closures
House of Fraser plans to revamp its product and trade strategy as shareholders vote on a company voluntary agreement...
N Brown Group Announces Store Closures Amidst Challenging Fashion Retail Market
N Brown Group, owner of JD Williams, Jacamo, and Simply Be, plans to close all 20 of its stores,...
House of Fraser Closes 31 Stores Amidst Retail Industry Changes
Embattled department store chain House of Fraser announces plans to close 31 stores due to an unsustainable property portfolio....
Small Shopping Centres Bear the Brunt of Store Closures
In a new study by the Local Data Company, smaller shopping centers experienced the highest number of store closures...
Poundworld’s Rescue Deal with Alteri Investors Nears Completion
Poundworld, a budget retailer, is reportedly nearing a rescue deal with Alteri Investors, backed by private equity firm Apollo...
Mothercare Relegated from FTSE 100: Retailer’s Struggles Continue
Mothercare, struggling with financial troubles and forced to enter a CVA, has been removed from the FTSE 100 index....
Retail Crisis: Over 10,000 Stores to Close in 2018
In a shocking new report by Centre for Retail Research (CRR), 2018 is predicted to be the worst year...