Will Wright and Steve Absolom of KPMG’s restructuring practice were appointed joint administrators to Antler Holdings Limited and Antler. The gifts and homeware retailer went into administration in mid-July. Ponden Home, also part of the group, has also been put into administration. Tony Wright, joint administrator and partner at FRP, said: “Recent months have proven extremely challenging for many retailers, even those that were trading well before the pandemic, including the teams at Edinburgh Woollen Mill and Ponden Home. Peacocks sale on cards as owner Day seeks valuation. Analysis: Coronavirus – the devastating impact on fashion’s supply chain. ... JD Sports bought back its Go Outdoors business for £56.5million after pushing it into administration in June. Corporate recovery specialist Leonard Curtis was later appointed as the administrator after Soak.com failed to find a buyer. KPMG was appointed as administrator and the business is expected to be liquidated, according to the CRR. In better news Barratts, the shoe retailer, has been rescued in a deal that has saved 1100 jobs but 680 jobs have been lost. Administrators from FRP confirmed on Friday afternoon that 56 EWM stores have now permanently closed along with eight Ponden Home sites. Clothing retailer Peacocks has gone into administration, it has been confirmed. It is understood that the collapse of the deal is partly linked to the administration of Arcadia Group, which is the biggest operator of concessions in Debenhams stores. 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. The company has … The UK arm of Candadian footwear chain Aldo went into administration in May. For further details of our complaints policy and to make a complaint please click this link: thesun.co.uk/editorial-complaints/, Comments are subject to our community guidelines, which can be viewed, There are around 384 stores that bear the Edinburgh Woollen Mill name, Boots store closures: More than 4,000 jobs cut and 48 opticians branches to shut. The EWM Group, which also owns the Peacocks and Jaeger brands, filed a notice of intention to appoint administrators in October. It can continue as long as it has cash to pay for essential activities and no one is putting pressure on the business to repay the debt. 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. plans to close 50 stores - cutting 600 jobs - in a bid to survive. News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. 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. Peacocks has over 550 stores and employs over 10,000 people so this would be the most significant company collapse since Christmas. Has Bitcoin gone bust is pseudonymous, message that monetary resource square measure not tied to real-world entities but sooner bitcoin addresses. Around 200 stores continue to trade (subject to Covid regulations). View our online Press Pack. 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. The UK retailers which have gone bust in 2020 so far... And experts warn there are more to come. 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. In October, the group announced plans to close 50 stores - cutting 600 jobs - in a bid to survive. Torque Brands, an outfit that recently bought shirt-maker TM Lewin, is also among the potential buyers. A further 28 closures are planned for 2021. Auditing and advisory firm Deloitte was appointed as administrator and it has said all stores will close indefinitely and online sales will be stopped. News of Companies That Have Gone Bust in the UK . High street clothing chain Edinburgh Woollen Mill (EWM), which also owns Peacocks and Jaeger, has been granted a further 10 working days to speak … 09 October 2020. 679215 Registered office: 1 London Bridge Street, London, SE1 9GF. Some 4,700 jobs are now at risk. "The uncertain climate has also meant that even those looking to expand are holding off making investments in new stores. So far (to July 2020) of the stores' at risk', 53% or 1,424 have been closed and 43.7% of 'at risk' staff have been made redundant. The retailer said it would move ahead with plans to close its 124 UK stores unless a new buyer comes forward. The bed retailer was put into pre-pack administration in June. I also take the opportunity to thank all those that wrote to me with tips and suggestions from all over the world. 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. Five UK stores have been permanently closed, according to the CRR, leaving eight surviving while the administrators seek new owners for the UK business. By Associated Press , Wire Service Content Dec. 10, 2020 By Associated Press , Wire Service Content Dec. 10, 2020… The sound is around 0:13. She is based in Bristol but covers the entire region, as well as stories across the wider South of England. Adult peafowl are pretty hardy creatures but it is still important to do what you can to help your peafowl stay comfortable, especially since all types of peafowl originated in areas with warmer climates. It has more than 1,000 stores in the UK including 265 Edinburgh Woollen Mill stores and 479 Peacocks outlets. 2020 has changed everything. Auditing firm Deloitte has been appointed as administrator and is now seeking a buyer for the business. The fashion retailer went into administration in mid-March but US-based restructuring company Gordon Brothers bought the chain out of administration in April. "The Torque team has worked to assess all available avenues for the business model going forwards, but having done so, has formed the view that TM Lewin is no longer a viable going concern in its current format," it said. No redundancies have been announced yet and no stores have closed. The large furniture retailer in Kent went into administration in February - and closed its store after 15 years. The online bathroom retailer collapsed at the end of February. The group is owned by British billionaire Philip Day. Welsh haulage firm enters administration. CEO Steve Simpson has called the trading environment "brutal". 2020-09-21T06:46:00+01:00 By George MacDonald. The news comes after parent company Edinburgh Woollen Mill Group (EWM) failed to agree a rescue deal for the retailers... continue reading 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. The retail group hired administrators from corporate finance firm Deloitte after it saw sales hammered by the coronavirus crisis. 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. That means around 2,000 jobs are safe for now but they could be at risk if no buyer is forthcoming. The move is reportedly part of a restructure to get rid off loss-making stores and reduce the company's rent bill. The bakery chain was sold out of administration in a pre-pack deal in mid-June. A total of 35 stores are also expected to close across the UK. He told the BBC the collapse was "very sad for the staff, the city of Norwich and the customers". Staff at the company's Cardiff HQ were told of the move by chief executive Richard Kirk … The department store chain collapsed into administration in January after failing to find a last-minute buyer to rescue the 139-year-old business. Breeze Energy goes bust. 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. There are around 384 stores that bear the Edinburgh Woollen Mill name. Hannah has nearly a decade's experience reporting on the business scene in the UK. 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. This administration does not affect the wholesale and online business, the CRR reports. To see all content on The Sun, please use the Site Map. Both firms were scooped up at the time by private equity firm Sun European Partners. The online business is performing very well.". The brutal 2020 retail bloodbath has well and truly begun, with 161 popular Australian bricks-and-mortar stores already earmarked for closure just one fortnight into the new year. Four Lewis's Home Retail outlet department stores were reportedly sold through a pre-pack sale to LHR Holding, saving more than 150 jobs. Trafford Centre owner Intu warns it may go bust as retail crisis deepens and annual losses surge to £2bn. The chain had announced plans to axe 30 stores in February in a bid to salvage the company. "It is our intention to continue to trade whilst working closely with management to explore the options for the business. News of Companies That Have Gone Bust in the UK . It s not yet clear how many jobs could be affected. Thomas Cook has collapsed after last-minute negotiations aimed at saving the 178-year-old holiday firm failed. List of shops that have collapsed into administration in 2020 as UK lockdown hits high street. 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. One to watch for 2020. 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