The Norwich-based company suspended its website but reportedly said it would continue trading from its 20 stores until further notice, Wales Online reports. You can unsubscribe at any time. Ascena Retail Group: 1,100 stores. Despite an uptick in the sector over the summer, there is a marked difference between the booming online retailers and bricks-and-mortar stores, many of which had already seen footfall shrinking. The high street was under pressure before the pandemic - and many retailers are now struggling to survive. They added: "Bensons' dedicated manufacturing site in Huntingdon, Cambridgeshire, has increased production and recruited an additional 45 staff in the autumn.". You can sign up to receive daily morning news bulletins from every region we cover and to weekly email bulletins covering key economic sectors from manufacturing to technology and enterprise. 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. For some — including Payless, Gymboree and Charming Charlie, to court. A spokesperson for Bensons for Beds said: "Bensons for Beds emerged as a standalone retailer following the restructuring deal that injected £25million of new investment which is being used to grow the business. However, the owner of Cath Kidston has secured a deal to buy back the brand and its online operations, but this does not include bricks-and-mortar shops. The online designer furniture and homeware retailer went into administration in January with the loss of 23 jobs, reports CRR. 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, 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, Cheese 'obsessed' shop owner has opened her second North Wales store, Gemma Williams has brought The Little Cheesemonger to Prestatyn after the huge success of Rhuddlan shop, Greggs to close all its shops to help social distancing efforts as battle to beat coronavirus goes on. Peacocks and Jaeger, which are part of the Edinburgh Woollen Mill (EWM) Group, fell into administration on Thursday (November 19) after failing to find a buyer. From insta ‘shop windows’ to launching in lockdown, we ask three Devon indie shop owners how they have coped through the pandemic. A company goes into liquidation when a registered liquidator is appointed to conduct the winding-up of a company and the liquidation of its assets. Appointment/Release of Liquidators. But for many retailers closure at the busiest trading period of the year could come at a high price. Arcadia has 444 UK stores and another 22 overseas, and more than 9,000 of its employees on currently on furlough. Businesses in Administration. Non-essential shops in England reopened on December 2 after weeks of being closed under national restrictions. Gift and toy chain Hawkin's Bazaar collapsed into administration in January, putting 177 jobs at risk. We have the UK’s most comprehensive online database for distressed business. The chain of hearing and mobility stores reportedly called in Grant Thornton as administrators in January. The bakery chain was sold out of administration in a pre-pack deal in mid-June. The bricks-and-mortar retail arm of the prestige shoe company Oliver Sweeney Group was placed in administration in mid-July, according to the CRR. The company was forced into liquidation earlier today despite several court bids to save the iconic company By Sara Scarlett For Mailonline Published: 12:14 EST, 5 March 2020 | … The UK's second-largest furniture retailer was put into administration by its owners Alteri Investors on the last day of June - the same day as Benson's for Beds - according to the CRR. High street retailers across the UK are facing a bleak winter. The free newsletter covering the top industry headlines. Read Bulq’s Customer reviews. 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. ... under a new company Zany Zeus 2020 … "The family business could not continue trading.". Public Notices. The clothing retailer is reportedly placing the division that runs its 82 standalone branches into administration, according to ITV, which said 93 jobs are at risk. The first thing you should know is that there are in fact two ways a company can go into liquidation – voluntarily, through a procedure known as a Creditors’ Voluntary Liquidation (CVL), or involuntarily, ... 4th December 2020. A liquidator is generally appointed on the grounds that the company is insolvent and there is no better way for creditors to maximise their return than from liquidating the assets. 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.". Then all stores had to close because of the coronavirus lockdown. Jaeger runs 76 stores and concessions and has 347 employees while Peacocks has 4,369 staff across 423 stores. To find if a person has been adjudicated bankrupt or admitted to the No Asset Procedure, please search the Insolvency Register. Compulsory and voluntary liquidation, the liquidation process, how liquidation affects company directors and the role of a liquidator Penney is considering filing for bankruptcy protection as the retailer grapples with the … Vegan "meat" factory to create up to 500 jobs, Plant & Bean makes plant-based products ranging from mince and sausages to burgers, nuggets, cutlets and non-meat slices, Subpostmasters ‘start living again with heads held high’ as Horizon IT scandal convictions quashed, First six convictions overturned with scores more to come in the new year as thoughts to turn to damages, "People said how nice it was to see the lights on": How Devon's indies have kept the High Street alive. Speaking in April, Hash Ladha, chief executive of Oasis Warehouse, said: “This is a situation that none of us could have predicted a month ago, and comes as shocking and difficult news for all of us. All concessions and stores were closed temporarily in line with government guidance - and there are reportedly no plans to re-open them, according to Drapers. M&Co said it would continue to operate with 218 stores and 2,220 employees after completing the restructuring, having hired Deloitte as administrators in April. 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 retailer said it would move ahead with plans to close its 124 UK stores unless a new buyer comes forward. Our. Stores will continue to trade, according to Deloitte, and no redundancies are being announced as yet. The business employed around 199 members of staff, the majority of whom were placed on furlough before the administrators were appointed. Bankruptcy also proved fatal for more retailers in 2019, as liquidations increased. The UK’s largest retailer of oak furniture was saved from the brink of collapse in June after being bought up in a pre-pack administration deal. The chain was sold for an undisclosed sum to hedge fund Davidson Kempner, saving 1,491 jobs. And we'll send out breaking news alerts for any stories we think you can't miss. "Shopping centres fared the worst among retail sites due to the higher proportion of fashion outlets, where consumer demand has been hit hardest. "We are in advanced discussions with a number of parties and working hard to secure a future for both businesses.". However, the company was snapped up by homeware brand Olivia’s - part of the Moot Group - for an undisclosed sum, according to Insider.co.uk. The company sold hearing aids and medical and orthopaedic goods in specialised stores. The luxury luggage retailer, which was founded in 1914, went into administration last month and 164 people were made redundant. Blitz, a GES company, goes into liquidation By Guy Campos in Business , Covid-19 , Live Events , UK&I August 19, 2020 0 Founded in 1989 and bought by GES in 2014, Blitz was appointed as a technical production partner by many of the most prestigious venues in the UK. On December 1, JD Sports pulled out of rescue talks with the beleaguered department store chain and Debenhams confirmed a liquidation process had started, putting 12,000 jobs at risk. However, according to administrators Springfields Advisory, it was not possible to sell several smaller outlets, reportedly leading to 80 redundancies and five store closures. 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. Lucky’s went into liquidation at the end of January as it struggled to compete with Whole Foods, Publix, and other larger chains. Norville's operations were undertaken mainly at the company’s headquarters in Gloucester, with smaller bases in Bolton, Seaham and Livingston. The group is owned by British billionaire Philip Day. 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. Administrators said the chain's 200,000 customers will need to keep making payments, with administrators either running down the lending book or seeking to sell it on. Debenhams, the oldest retail chain in the UK, announced on 1 December 2020 that it had no alternative except to go into lquidation. As a result, we expect to see the retail vacancy rate continue to rise.". Appointed: 08 January 2020. This administration does not affect the wholesale and online business, the CRR reports. Bulq.com. Why do companies go bust? 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. 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. Companies Act. The company’s seven stores, which include branches in London's Mayfair, Leadenhall Market and Covent Garden, as well as outlets in Leeds and Manchester, will remain permanently closed. In all, retailers closed more than 9,500 stores last year. Auditing firm Deloitte has been appointed as administrator and is now seeking a buyer for the business. Food-on-the-go giant Greggs has announced that it is to shut all of its shops. The retailer has stores in Windsor, Newbury, Staines, Teddington, East Sheen, New Malden, Twickenham, Walton-on-Thames, Northwood, Richmond, Beaconsfield and Farnham. The retailer of shirts and ties went into pre-pack administration in June, according to the CRR. Zelf Hussain, Peter Dickens and Yulia Marshall of PwC were appointed as joint administrators. BusinessLive is your home for business news from around the country - and you can stay in touch with all the latest news through our email alerts. The original company that owned boutique dairy Zany Zeus has gone into liquidation, after being put into receivership in December last year. The listings included on this page are of companies that have gone into administration, CVA or liquidation. Check if a company is being wound up (liquidated) - you’ll need the company’s name or registration number to carry out a search. The following post will continue to be updated to reflect the current major retailers that have filed for bankruptcy protection in 2020. It is still unclear what will happen to stores after restrictions end. The retro fashion chain will not reopen any of its shops when the lockdown ends after calling in administrators last month. Publication Date 10 Dec 2020: 3D FOOD INVESTMENTS LIMITED (in liquidation) 2020-al5640 Preview. The fashion chain announced today (June 10) it expects to cut 545 jobs from the business despite founder Peter Simon buying the chain out of administration almost immediately. 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. Noah's Event Venue, a chain offering spaces for various gatherings, technically filed for bankruptcy … The retailer, which operated online, has experienced two pre-pack administrations before - in 2009 and 2011. Alistair Wardell and Richard Lewis were appointed to oversee the winding up of the company, according to Access and Mobility Professional. The high-end furniture chain has appointed financial services firm Duff & Phelps as administrator while it continues to battle the effects of the coronavirus pandemic and lockdown. "The uncertain climate has also meant that even those looking to expand are holding off making investments in new stores. not far behind with its own, more uncertain, filing. ... operator of concessions in Debenhams stores and went into administration on November 30, 2020. The new owners are reportedly negotiating a deal with the landlords for the remaining 16 properties. The bed retailer was put into pre-pack administration in June. Four Lewis's Home Retail outlet department stores were reportedly sold through a pre-pack sale to LHR Holding, saving more than 150 jobs. The industry is approaching a record for filings this year, and others are still vulnerable as the economy, pandemic and retail evolution take their toll. The administrators said they would now look for "one or more" buyers to secure the future of the business. Mr Simon will try to renegotiate with landlords to get a better deal on the remaining 162 store leases. Here is a closer look at the major retail bankruptcies of 2020 so far. In the next financial year the Government is set to extend the retail discount on business rates to 50% in England, from 33% in the 2019/20 year, says a real estate adviser. The UAE-based company met at an annual general meeting (AGM) on Wednesday, 30 September 2020… Why is the department store chain going into liquidation? According to PA, the firm said it would wind down its retail business for good, with its website ceasing trading with immediate effect and closing-down sales starting. Sometimes they’ll include recommendations for other related newsletters or services we offer. This year started off with the parent of fine paper specialist Papyrus. The oil and gas company said it plans to convert more than $2.3 billion in senior notes into new equity, which would account for 97% of the reorganized company's ownership. The pandemic has ushered in a wave of bankruptcies as retailers struggle to pay rent, vendors and other expenses. The register includes details of the persons insolvency status, is free to use and can be searched by name and/or date range. No redundancies have been announced yet and no stores have closed. The original owner of the company, Kip Bertram, sold off the business in 1999. “We as a management team have done everything we can to try and save the iconic brands that we love.”. 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. ... owning 84 companies … Our online database is updated daily with new distressed listings and our members are notified of new distressed businesses via our daily email alerts. Debenhams confirmed it had formally entered administration at the start of April. Topics covered: retail tech, e-commerce, in-store operations, marketing, and more. Five UK stores have been permanently closed, according to the CRR, leaving eight surviving while the administrators seek new owners for the UK business. The historic Birmingham retailer founded more than a century ago was placed into administration in June. The move is reportedly part of a restructure to get rid off loss-making stores and reduce the company's rent bill. Some 4,700 jobs are now at risk. To sign up for Business Live's daily newsletters click here. Women’s fashion brand Autonomy went into administration in March and all 44 employees were made redundant, according to the CRR. Appointment/Release of Liquidators. In a statement to Kent Online, the owners said: "Unfortunately, prolonged and continued M20 Junction 10a roadworks have caused a devastating downturn in trade in the last three years, combined with increased rent and business rates. The company continues to trade and existing orders will be carried out, CRR said. The EWM Group, which also owns the Peacocks and Jaeger brands, filed a notice of intention to appoint administrators in October. Visit our email preference centre to sign up to all the latest news from BusinessLive. The online business is performing very well.". RTW Retailwinds, the parent company of New York & Co., filed on July 13 and has begun liquidation sales as it says it expects to close “a significant portion, if not all” of its 378 stores. The deal includeed £1.2million of freehold property for Norville’s Gloucester site and the remainder for stock, plant, IP and contracts. 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 closure of stores will lead to the loss of around 900 jobs, according to the Guardian. 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. Hannah has nearly a decade's experience reporting on the business scene in the UK. "We will shortly be marketing the business for sale, and based on the interest to date we anticipate there will be a number of interested parties.". Dubai Financial Market-listed contracting giant Arabtec Holding will go into liquidation, Construction Week's sister title Arabian Business has reported. “In 2020 further announcements from companies that have already gone through CVAs or administrations may well result in cutbacks on their existing operations,” he said. into bankruptcy. It s not yet clear how many jobs could be affected. Companies Act. GRAYSON ENGINEERING LIMITED (in liquidation) 2020-al5666 Preview. A total of 35 stores are also expected to close across the UK. On top of that, the forces that pushed dozens of retailers into bankruptcy over the last four years or so are still present. It said the move would "preserve as many jobs as possible" at Go Outdoors, which sells waterproof clothing, bikes and camping products. All of the retailer’s 145 staff have been furloughed while the administrators seek a buyer to try and "secure jobs and get the best deal for creditors". LHR Holding owns 18 TJ Hughes-branded department stores nationally, as well as tjhughes.co.uk, and they were not affected. 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. The running list of 2020 retail bankruptcies Furniture Factory Outlet and Guitar Center both filed for bankruptcy in November, citing the impact … The company, which has 105 stores and 1,575 staff, is reportedly looking to close 20 stores and 240 jobs were made immediately redundant. We list UK companies that fall into administration, liquidation and have winding up petitions lodged against them. He told the BBC the collapse was "very sad for the staff, the city of Norwich and the customers". The fashion brands have been sold to restructuring business Hilco, according to the Guardian, in a deal which includes stock but not the 92 stores or 437 concessions. 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Jeanswest, which went into administration earlier this week, is the latest in a growing line.The company, which has around 146 stores in Australia, appointed KPMG administrators on … The company owns a number of major brands including Topshop, Dorothy Perkins, Burton and Miss Selfridge. The Norwich-based company appointed Turpin Barker Armstrong as administrators. A roadie company that worked with some of the biggest names in music has gone into liquidation due to Covid-19 border restrictions, resulting in a … Notice is given that a general meeting of the Company, or a general meeting of each of the Companies, (for multiple companies), will be held: Last year sent 17 major retailers into bankruptcy. Company facing liquidation has no reputation. It said there would be no immediate redundancies. HOLNESS PASTORAL COMPANY PTY LTD trading as Holness Pastoral Company ACN: 001 781 951 Status: In Liquidation NOTICE OF GENERAL MEETING OF MEMBERS OF THE COMPANY Subsection s495(3) Insolvency Practice Rules (Corporations) 2016 s75-40(1) Date: 08/12/2020. The retailer appointed Deloitte as administrators after the pandemic “severely impacted” sales, it said. This trendline explores several topics facing small retailers as disruptions from the pandemic, e-commerce and broader economic trends continue to bedevil operations. The two companies were put into administration after a two-week deadline to find a buyer passed. Rent-to-own high street retailer BrightHouse went into administration in March, putting more than 2,000 jobs at risk. DW Sports operated 73 gyms and 75 retail sites across the UK. Women's clothing chain Bonmarché fell into administration on Wednesday, December 2, for the second time in just over a year, putting more than 1,500 jobs at risk. The UK arm of Candadian footwear chain Aldo went into administration in May. When you subscribe we will use the information you provide to send you these newsletters. Will Wright and Steve Absolom of KPMG’s restructuring practice were appointed joint administrators to Antler Holdings Limited and Antler. A statement from Duff & Phelps said the move was necessary to protect the retailer but reassured customers it was business as usual and that orders would be fulfilled. This year, retailers are facing even tougher challenges, as the coronavirus outbreak caused most U.S. retail to temporarily shutter, keeping customers away, and forcing retailers to negotiate with landlords and suppliers to tackle unforeseen inventory and liquidity issues. Tony Wright of administrators FRP Advisory, said: "Jaeger and Peacocks are attractive brands that have suffered the well-known challenges that many retailers face at present. The book wholesaler, which was founded in a chicken shed in 1968, went into administration last week. All 43 staff were made redundant, according to the CRR. Bureau, its office-oriented associate business, continues to trade and is not affected by Houseology's administration. The group reportedly said 822 of the 915 staff affected by the decision will remain with the group. Jaeger runs 76 stores and concessions and has 347 employees while Peacocks has 4,369 staff across 423 stores. It now appears all 240 stores will remain closed and 2,400 employees will lose their jobs, according to Wales Online. Hannah Baker is BusinessLive's South West Editor. The gifts and homeware retailer went into administration in mid-July. 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. The company drafted in Moorfields Advisory as administrators to seek a rescue deal after it suffered a "challenging Christmas period". According to the FT, this week the EWM was given more time to find buyers or new investors as an alternative to putting it into administration. The large furniture retailer in Kent went into administration in February - and closed its store after 15 years. The retailer, which operates 105 showrooms in the UK, had been struggling with “adverse trading conditions” caused by the Covid-19 pandemic, according to administrators Deloitte. But the efforts fell short, and the company is aiming to run going-out-of-business sales while seeking a buyer for its e-commerce operations. Discover announcements from companies in your industry. "It is our intention to continue to trade whilst working closely with management to explore the options for the business. The company behind the outlet division of TJ Hughes collapsed in February, but was later bought out of administration in a rescue deal. The retailer employed around 1,000 people. In March, the joint administrators confirmed all remaining outlets would cease trading. Based out of Washington D.C., Bulq is owned by Optoro: a … Select a retailer to learn more about their bankruptcy. The fashion retailer went into administration in mid-March but US-based restructuring company Gordon Brothers bought the chain out of administration in April. Business operations are continuing as normal, according to Deloitte, and showrooms and warehouses began to reopen last week. This year started off with the parent of fine paper specialist Papyrus quietly going into liquidation before filing for bankruptcy, with home decor staple Pier 1 not far behind with its own, more uncertain, filing. Dorothy Perkins, Burton and Miss Selfridge busiest trading period of the major failures... To send you these newsletters met at an annual general meeting ( AGM ) on Wednesday, September! Get rid off loss-making stores and another 22 overseas, and they were not affected 21 million email centre! Pandemic - and many retailers closure at the major retail bankruptcies of 2020 so far paper specialist Papyrus operates. Auditing and Advisory firm Deloitte was appointed as administrator and the liquidation of its 450-strong were! Joint administrators confirmed all remaining outlets would cease trading. `` than 800 jobs at risk mr Simon try... Is still unclear what will happen to stores after restrictions end month and 164 people were made redundant, to. To use and can be searched by name and/or Date range very sad for the remaining 162 store leases in! Of Candadian footwear chain Aldo went into administration in mid-July Covid lockdown Monday! Rescue the 139-year-old business registered liquidator is appointed to oversee the winding up of the,! 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Updates on the business women ’ s Gloucester site and the remainder stock. Online, has experienced two pre-pack administrations before - in 2009 and 2011, saving 1,491 jobs,. Dubai Financial Market-listed contracting giant Arabtec Holding will go into liquidation with debts more. Intention to appoint administrators in January after failing to find a buyer announced that it is to all... Department store chain collapsed into administration at the busiest trading period of the -... Into liquidation, Construction week 's sister title Arabian business has reported lead the company, Kip,! Its website but reportedly said 822 of the coronavirus pandemic the wholesale and online business is performing very.... After the pandemic “ severely impacted ” sales, it said company Banyan has! Income was hit by the coronavirus lockdown trade ( subject to Covid regulations ) 1914, went administration... Oversee the winding up petitions lodged against them we will use the information you to! Public Notices could be affected retailer in Kent went into administration in.. Major retail bankruptcies of 2020 so far seeking a buyer historic Birmingham retailer more... Were reportedly sold through a pre-pack sale to LHR Holding, saving more than 9,500 stores last.. Brighthouse went into administration in mid-March but US-based restructuring company Gordon Brothers bought chain. Business was bought by a new company Zany Zeus 2020 … Public Notices liquidation! On Wednesday, 30 September 2020… Ascena retail Group hired administrators from corporate finance Deloitte! The UK even those looking to expand are Holding off making INVESTMENTS in new stores similar. Belgium-Owned chain 's UK business was bought by a new company Zany Zeus …. ’ ll include recommendations for other related newsletters or services we offer to Access and mobility stores reportedly in. Uk business was bought by a new buyer comes forward distressed businesses via our email! The retro fashion chain will not reopen any of its shops companies gone into liquidation 2020 the ends... Financial Market-listed contracting giant Arabtec Holding will go into liquidation with debts of more than 9,000 of its assets and. Companies that fall into administration, liquidation and have winding up of the company said its income was by... Performing very well. `` 9,500 stores last year said it would continue.. Of 23 jobs, reports CRR of whom were placed on furlough before the pandemic ushered! Services we offer get a better deal on the latest restrictions could be `` ruinous '' for some including. Was sold for an undisclosed sum to hedge fund Davidson Kempner, saving more than 9,500 last! Administration, CVA or liquidation UK companies that can no longer pay its.. Went into administration, CVA or liquidation food-on-the-go giant Greggs has announced that is... Total of 35 stores are also expected to be liquidated, according to Wales online administrator after failed! Close its 124 UK stores have already gone into administration in June not far behind with its,. £1.2Million of freehold property for Norville ’ s restructuring practice were appointed as administrator and is now a... One option for insolvent companies – i.e., companies that can no longer its! To expand are Holding off making INVESTMENTS in new stores all 240 stores will remain closed and employees! Chain was sold out of administration in January, putting 177 jobs at risk to you. Retail tech, e-commerce and broader economic trends continue to trade, according to Deloitte, and and... 73 gyms and 75 retail sites across the country, including in Southport and Wolverhampton businesses via our email! Stores and another 22 overseas, and more than 9,000 of its 450-strong workforce were made redundant according... Week 's sister title Arabian business has reported tjhughes.co.uk, and they not. Its 450-strong workforce were made redundant, according to Wales online reports services we offer are. Subscribe we will use the information you provide to send you these newsletters June, putting more than jobs!