
Another day, another retail survival. Ann Summers is the latest troubled UK retailer to have escaped closure, as its Company Voluntary Arrangement (CVA) was approved by creditors Wednesday.
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Another day, another retail survival. Ann Summers is the latest troubled UK retailer to have escaped closure, as its Company Voluntary Arrangement (CVA) was approved by creditors Wednesday.
LK Bennett is the latest British retailer to have its company voluntary arrangement (CVA) approved and the retailer is planning to close five of its stores as a result of that approval.
Fashion discounting is surging online ahead of a sales frenzy when stores reopen. And the former Kate Middleton continues to be the number one fashion influencer in the UK during lockdown, LovetheSales said on Tuesday.
The administrators of womenswear brand LK Bennett have received creditor approval to extend the administration process by 12 months. The extension was primarily sought due to “ongoing property matters”.
Fifty-five UK retail chiefs headed for the door in 2019 after battling some of the toughest trading conditions seen for a generation.
Pure Collection, the Harrogate-based cashmere and luxe fashion brand, is planning to appoint administrators amid mounting financial losses.
Malls that Hammerson part owns are continuing to attract premium names as tenants and particularly in the upscale beauty segment that remains buoyant at present.
The news around LK Bennett may have gone fairly quiet since the failed company was acquired out of administration by its Chinese franchise partner, but it has emerged that the company owed almost £32m to creditors.
The problems are mounting for Jack Wills and now it seems that the company's owner is considering selling the brand. Reports said KPMG has been appointed as its advisor and is looking at all options for its future.
Reiss, the mid-market brand patronised by royal influencers the Duchesses of Cambridge and Sussex, was said this week to be up for sale but the company's owner has denied that it wants to exit its investment.