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Lee Longlands was founded in Birmingham in 1902 by Robert Lee and George Longland and they opened their first store at 304 Broad Street, taking advantage of its location next to the canal to bring in timber. Revolut and Monzo have both responded to rumours circulating last week which suggested they could be going bust as the coronavirus continues to take its toll on the world’s economy.. stokesentinel. Will Wright and Steve Absolom of KPMG’s restructuring practice were appointed joint administrators to Antler Holdings Limited and Antler. Edinburgh Woollen Mill adds pandemic clauses to new Bonmarché leases. List of shops that have collapsed into administration in 2020 as UK lockdown hits high street. To sign up for Business Live's daily newsletters click here. 09 October 2020. More than 50 stores are to be closed and 600 jobs axed by the company behind Peacocks and Edinburgh Woollen Mill. The Norwich-based company appointed Turpin Barker Armstrong as administrators. I also take the opportunity to thank all those that wrote to me with tips and suggestions from all over the world. The 50-year-old company had stores in Barnsley, Doncaster, Batley, Huddersfield, Castleford, Pontefract, Wakefield and Wetherby, and had been closed for business since lockdown, with its 70 staff on furlough. Steve Simpson, chief executive of the EWM group, told BusinessLive's sister site, The Mirror, the past seven months had been "extremely difficult" and warned that closures would be "inevitable" as the brand fought for its survival. The chain has 25 shops in the UK, which are currently closed in line with government lockdown rules. “We as a management team have done everything we can to try and save the iconic brands that we love.”. Sir Philip Green's Arcadia Group went into administration on Monday, November 30, putting 13,000 jobs at risk. The value clothing retailer, previously called Mackays, went into administrators and was bought by its previous owners as part of a pre-pack deal to save the business, according to the CRR. He told Drapers: “We are disappointed that the stores will no longer continue, but we are confident and excited about the brand going forward online. Some 4,700 jobs are now at risk. The Belgium-owned chain's UK business was bought by a new vehicle, BrunchCo21, according to the CRR. CEO Steve Simpson has called the trading environment "brutal". Additionally, this year will try to keep track as well, on a di Corporate recovery specialist Leonard Curtis was later appointed as the administrator after Soak.com failed to find a buyer. Visit our email preference centre to sign up to all the latest news from BusinessLive. According to Bristol-based chambers of commerce Business West, the latest restrictions could be "ruinous" for some businesses. According to the CRR, most of its 450-strong workforce were made redundant. Comcast has projected it will invest $2 billion into Peacock over 2020 and 2021. The furniture company reportedly went into administration at the end of March. Of the 43 airlines that failed in 2020 so far, 20 of them operated at least 10 aircraft, compared to 12 in all of 2019 and 10 throughout 2018, Cirium's data showed. The new owners are reportedly negotiating a deal with the landlords for the remaining 16 properties. More than 50 stores are to be closed and 600 jobs axed by the company behind Peacocks and Edinburgh Woollen Mill. The company has … The chain of hearing and mobility stores reportedly called in Grant Thornton as administrators in January. The company owns a number of major brands including Topshop, Dorothy Perkins, Burton and Miss Selfridge. Our. News of Companies That Have Gone Bust in the UK . In August, the chain confirmed it wold be closing 47 stores and axing 381 jobs as part of a major restructure to secure the company’s long-term future. An initially promising U.S. forecast for the northern lights has gone bust. 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. According to the Centre … The sector has been in decline for some years, but the pandemic has accelerated the downturn and many once-thriving retailers are now struggling to survive. Rent-to-own high street retailer BrightHouse went into administration in March, putting more than 2,000 jobs at risk. Hannah has nearly a decade's experience reporting on the business scene in the UK. Bonmarché has been sold to Edinburgh Woollen Mill Group’s (EWM) Peacocks, following months of speculation. Turnaround company Alteri, Benson's existing owner, bought the business out immediately and put £25million into the company to invest in its development, according to the CRR. Bonmarche has a long history with Peacocks which itself hit the buffers in 2012. The UK arm of the luxury lingerie retailer fell into administration in June, putting more than 800 jobs at risk. Clothing retailer Peacocks has gone into administration, it has been confirmed. There are around 384 stores that bear the Edinburgh Woollen Mill name. ... is not actually bust. Trafford Centre owner Intu warns it may go bust as retail crisis deepens and annual losses surge to £2bn. By Associated Press , Wire Service Content Dec. 10, 2020 By Associated Press , Wire Service Content Dec. 10, 2020… Yesterday owner Philip Day said: “Over the past month we explored all possible options to save Edinburgh Woollen Mill and Ponden Home from going into administration, but unfortunately the ongoing trading conditions caused by the pandemic and lockdowns proved too much.”. Fashion chain Peacocks and Jaeger enter administration. But normal was already long gone. Alistair Wardell and Richard Lewis were appointed to oversee the winding up of the company, according to Access and Mobility Professional. When you subscribe we will use the information you provide to send you these newsletters. The retro fashion chain will not reopen any of its shops when the lockdown ends after calling in administrators last month. Chuck Yeager, first pilot to break the sound barrier, dies at 97. He  is understood to be working on a pre-pack deal for Peacocks that would see the 400-store chain go through administration and be immediately sold back to him and his finance partner Davidson Kempner. That would safeguard jobs at Peacocks which employs 10,000 across the UK. 6 Nov 2020 , 16:16; Updated: 6 ... has won more time to try and save Peacocks and Jaeger. DW Sports operated 73 gyms and 75 retail sites across the UK. High street clothing chain Edinburgh Woollen Mill, which also owns Peacocks and Jaeger, has been granted a further ten working days to speak to potential buyers and work on a rescue plan. The news comes after parent company Edinburgh Woollen Mill Group (EWM) failed to agree a rescue deal for the retailers... continue reading 2020-04-16T15:40:00+01:00 By Hugh Radojev The deal will transfer around 450 jobs to Adena Brands, owned by Mr Simon, which has promised to inject £15million into the business to allow the remaining stores to stay open. Auditing firm Deloitte has been appointed as administrator and is now seeking a buyer for the business. It made a sound! "It was to-go or bust. For other inquiries, Contact Us. The sportswear and gym retailer, owned by Dave Whelan, fell into administration in August, putting, 1,700 jobs put at risk. That means around 2,000 jobs are safe for now but they could be at risk if no buyer is forthcoming. Has Bitcoin gone bust is pseudonymous, message that monetary resource square measure not tied to real-world entities but sooner bitcoin addresses. Owners of bitcoin addresses are not explicitly identified, just whole written account on the blockchain are public. Two of the four brands in high street clothing chain Edinburgh Woollen Mill’s (EWM) stable have fallen into administration with 866 jobs gone and a further 1,821 jobs under threat. ... JD Sports bought back its Go Outdoors business for £56.5million after pushing it into administration in June. The online business is performing very well.". Tim Cooper, Oliver Sweeney's chief executive and cobbler-in-chief, will continue to lead the company. HIGH Street giant Edinburgh Woollen Mill has put the stores of the same name into administration. Leeds businesses that have gone into liquidation. This administration does not affect the wholesale and online business, the CRR reports. The 50-year-old shoe retailer fell into administration in May after being hit by the impact of the coronavirus pandemic. 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Mr Simon will try to renegotiate with landlords to get a better deal on the remaining 162 store leases. Croydon Council has gone bust after running up £1.5 billion in debt, according to local MP Chris Philp. 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. PORTLAND, Maine — An initially promising U.S. forecast for the northern lights has gone bust. The online designer furniture and homeware retailer went into administration in January with the loss of 23 jobs, reports CRR. Yesterday, retail giant Sainsbury's announced plans to cut 3,500 jobs with the majority being lost at Argos. As coronavirus restrictions begin to ease in many countries - including the UK - the travel industry is taking stock of the economic damage done by the pandemic. The Centre for Retail Research - Who's Gone Bust in Retail UK, the USA and the future of the High Street Given the raging popularity of the 2019 list of airline bankruptcies , I have resolved to continue the work into 2020. RSM Restructuring Advisory, which has been appointed to handle the administration, said all of Bonmarche's 225 stores will remain open and there are no redundancies yet as it looks to agree a rescue deal. The Norwich-based company suspended its website but reportedly said it would continue trading from its 20 stores until further notice, Wales Online reports. Peacocks has stores in Hanley, Newcastle, Leek, Congleton, Crewe and Stafford, which are trading as usual. Why do companies go bust? However, Fitness First - a sister company of DW - will continue to operate as a separate company and its 43 clubs will be unaffected by the administration. Thomas Cook has collapsed after last-minute negotiations aimed at saving the 178-year-old holiday firm failed. The UK arm of Candadian footwear chain Aldo went into administration in May. The Gloucester-based glasses company went into administration in July, but Bath-based designer eyewear firm Inspecs bought up the manufacturing arm of the business from administrators BDO for £2.4million. Posted on 14 June 2020 by starttravel.co.uk. The firm had recently been bought by Stonebridge Private Equity through its subsidiary Torque Brands, with the new owner saying that the future of the entire retail sector was facing a "very real threat.". Debenhams, which has been in administration twice this year, has now closed all branches in Ireland permanently. It is still unclear what will happen to stores after restrictions end. The luxury luggage retailer, which was founded in 1914, went into administration last month and 164 people were made redundant. 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