House of Fraser has confirmed that closures will go ahead but the struggle to find a buyer for the remaining ones, continues Debenhams and Peacocks among … Will Wright and Steve Absolom of KPMG’s restructuring practice were appointed joint administrators to Antler Holdings Limited and Antler. The business employed around 199 members of staff, the majority of whom were placed on furlough before the administrators were appointed. The retailer of shirts and ties went into pre-pack administration in June, according to the CRR. Meanwhile, Jaeger has attracted the most interest from buyers, with rival retail tycoon Mike Ashley said to be interested. More than 50 stores are to be closed and 600 jobs axed by the company behind Peacocks and Edinburgh Woollen Mill. View our online Press Pack. The firm has stores in locations across the country, including in Southport and Wolverhampton. Posted on 14 June 2020 by starttravel.co.uk. The company owns a number of major brands including Topshop, Dorothy Perkins, Burton and Miss Selfridge. Debenhams said its administrators, FRP Advisory, had "regretfully concluded that they should commence a wind-down of Debenhams UK, whilst continuing to seek offers for all or parts of the business.". High street fashion chain Edinburgh Woollen Mill, which owns Peacocks and Jaeger, is close to collapse, with 24,000 jobs in the balance. Given the raging popularity of the 2019 list of airline bankruptcies , I have resolved to continue the work into 2020. It reportedly said in a message to staff that it was “speaking to a number of parties” interested in investing or acquiring parts of the business, the FT said. Breeze Energy is the latest domestic energy supplier to go bust. The sound is around 0:13. The company operates 18 retail stores and one concession outlet, in addition to selling via their website, Amazon and wholesale to several large retail chains across the UK. The department store chain collapsed into administration in January after failing to find a last-minute buyer to rescue the 139-year-old business. The company, which has 105 stores and 1,575 staff, is reportedly looking to close 20 stores and 240 jobs were made immediately redundant. According to a report by The Telegraph, accountancy firm BDO was attempting to find a buyer after the firms’ turnover reportedly dropped from £70million in 2018 to £43million. KPMG was appointed as administrator and the business is expected to be liquidated, according to the CRR. One to watch for 2020. High Street fashion giant Edinburgh Woollen Mill Group, which owns Peacocks and Jaeger, is on the brink of collapse after it filed a notice to appoint administrators, affecting 24,000 workers. ... EWM warned it would go bust … Bonmarche store front at Hounslow High Street in west London, Inspecs owns the factory where John Lennon's famous round glasses were made, Oak Furnitureland at Leeds Road Retail Park, General view of a BrightHouse store in Marlowes, Hemel Hempstead, the latest restrictions could be "ruinous", Sign up to our newsletter: Get more business news, views and analysis straight to your inbox, Everything you need to know about Sir Philip Green, the man behind Arcadia Group, Bonmarché fell into administration on Wednesday, after a two-week deadline to find a buyer passed, Competition watchdog says tribunal ‘misapplied the law’ in quashing decision to block JD Sports’ acquisition of Footasylum, Devon town launches gift card to encourage Christmas shoppers to keep it local as lockdown ends, would wind down its retail business for good, but Bath-based designer eyewear firm Inspecs bought up the manufacturing arm of the business, close all of its UK stores and around 600 workers will lose their jobs, which employs 2,400 staff, and intends to "retain the majority" of its retail stores, reassured customers it was business as usual and that orders would be fulfilled, showrooms and warehouses began to reopen last week, chain out of administration almost immediately, Mike Ashley's Frasers Group mulls Mulberry takeover bid, James Caan: Dragons' Den star talks business and job hunting during the Covid-19 pandemic, formally entered administration at the start of April, Pandemic drives big rise in contactless transactions, British Chambers of Commerce says Government leaving firms relying on “speculation and rumour” for survival, confirmed all remaining outlets would cease trading, List of shops that have collapsed into administration in 2020 as UK lockdown hits high street, Debenhams closing down: All 124 UK stores set to close as department store chain goes into liquidation, The chain's closure will leave holes in shopping centres and high streets across the UK, Sports Direct to open major new store in Birmingham, High street name has signed a deal to renovate for the former Primark store to create new flagship shop across four floors, McDonald's is closing all UK restaurants today in response to coronavirus social distancing concerns, McDonalds will close its 1,300 restaurants in the UK and Ireland at 7pm today, The Hut Group: All you need to know about the Manchester-based e-commerce giant, The group began trading on the London Stock Exchange last week, JD Sports snaps up US trainer firm Shoe Palace in $325m deal, The acquisition marks the company's latest move into America, The 20 richest owners in English and Scottish football – and where they sit on the global sports stage, Between them the 20 UK club owners – a high number of them from overseas – are worth almost £60 billion, Business activity in the East Midlands goes backwards, according to NatWest survey, Most of the East Midlands – except for Rutland – is in the toughest Tier 3 of the latest national measures, WB Power Services opens nine new offices on back of "unprecedented" 2020 growth, The new premises will provide a hub for the company’s local engineering and sales team members, As London enters tier 3, what to expect in Wednesday's England tier review. The book wholesaler, which was founded in a chicken shed in 1968, went into administration last week. The chain has 25 shops in the UK, which are currently closed in line with government lockdown rules. The UK arm of Candadian footwear chain Aldo went into administration in May. The cuts came just a day after John Lewis axed 1,500 office roles and M&S announced its first loss in 94 years. According to the Centre … The affairs, business and property of the Company are being managed by Tony Wright and Alastair Massey who were appointed Joint Administrators on 19 November 2020. Both firms were scooped up at the time by private equity firm Sun European Partners. Thomas Cook has collapsed after last-minute negotiations aimed at saving the 178-year-old holiday firm failed. By Associated Press , Wire Service Content Dec. 10, 2020 By Associated Press , Wire Service Content Dec. 10, 2020… It now appears all 240 stores will remain closed and 2,400 employees will lose their jobs, according to Wales Online. Women’s fashion brand Autonomy went into administration in March and all 44 employees were made redundant, according to the CRR. Up to 2,571 jobs may be at risk if a buyer is not found and hundreds of shops have to be shuttered. The Centre for Retail Research - Who's Gone Bust in Retail UK, the USA and the future of the High Street And we'll send out breaking news alerts for any stories we think you can't miss. Share ; ... shows that 2020 has already seen more than 20 … The retailer is to close all of its UK stores and around 600 workers will lose their jobs after the firm said it was going online-only in a bid to save the 120-year-old brand. Tim Cooper, Oliver Sweeney's chief executive and cobbler-in-chief, will continue to lead the company. 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