11th June 2020
Major restructuring projects in several restaurant and retail groups is expected to cost 3,600 jobs in the UK. The Restaurant Group, which owns Frankie and Benny’s will be responsible for up to 3,000 job losses […]
30th July 2019
Despite a number of high-profile insolvencies hitting the headlines, new research shows that the number of company administrations in England fell 14% in the second quarter of the year. KPMG’s study of administration notices in […]
29th July 2019
Landlords are fighting back against high street Company Voluntary Arrangements (CVAs), that allow retail and restaurant businesses to close stores and reduce rents. The CVA process was designed to help struggling companies avoid permanent insolvencies, […]
25th February 2019
Intu, the shopping centre chain that owns the Trafford Centre, saw its shares tumble 9% this week following a tough year in the retail sector. The retail landlord – which was the subject of two […]
11th July 2018
A former retail chief has warned that British town centres are in danger of becoming ‘ghost towns’ if immediate action isn’t taken. Bill Grimsey, who previously headed up Wickes, Iceland and Focus DIY, suggested that […]
21st June 2018
Earlier this month, House of Fraser joined a growing list of British retailers and restaurant chains turning to a Company Voluntary Arrangement (CVA) to manage their debts. A CVA is a type of insolvency process […]
13th November 2017
The British Retail Consortium (BRC) say that retailers have “cause for concern” in the run-up to Christmas as sales of non-food items grew at the slowest rate since records began. Non-food sales rose by just […]