Tag Archives: administration

Shopping centres under threat as intu faces administration

Intu has indicated today that talks with lenders have failed to reach agreement and that administrators are likely to be called in. The retail giant has until midnight tonight to reach a deal. According to intu: “Discussions have continued with the intu Group’s creditors in relation to the terms of …

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Debenhams files NOI to appoint Administrator

In a statement today, Debenhams announced that it has filed a Notice of Intent (“NOI”) to appoint an Administrator in the UK. This move will protect the retailer from the threat of legal action that could have the effect of pushing the business into liquidation while its 142 UK stores …

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Which? comments as Beales goes into administration

Consumer association has commented on the news that department store chain Beales has collapsed into administration. Which? consumer rights expert Adam French said: “Beales falling into administration is the latest example of traditional high street retailers struggling to adapt to changing shopping habits. “While stores remain open, your consumer rights …

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Bennetts’ administrators receive ‘numerous’ expressions of interest

The joint administrators of Derbyshire retailer Bennetts (Irongate) Limited, which trades as Bennetts Department Store in Derby and Ashbourne, have reported ‘significant levels of interest’ from potential buyers of the business. Paul Mallatratt, who is joint administrator – along with Louise Freestone – of Bridgewood Financial Solutions said: “We are …

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Ultimate Products rescues Kleeneze brand from administration

Ultimate Products has acquired the rights to the Kleeneze brand from the administrators. Founded in 1923, Lancashire-based Kleeneze was one of Britain’s oldest catalogue companies. It employed 69 staff at its head office based at Accrington and a further 71 at its warehouse in Heywood. David Acland and Anthony Collier …

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