retail

“So far in 2020, the pace of corporate bankruptcy filings in the U.S. has already surpassed every year since 2009, the aftermath of the global financial crisis, Bloomberg data show.” – by Eliza Ronalds-Hannon, Katherine Doherty, and Davide Scigliuzzo

“The group, owned by fashion retail mogul Sir Philip Green, was expected to announce plans for a CVA last week. However, proceedings have slowed as Arcadia continues to lobby for the requisite approval from 75% of creditors.” – by Grace Whelan

Business rates in England could be changed to help High Street retailers, Business Secretary Greg Clark has said.

UniCredit SpA and Societe Generale SA are among banks that issued around $107 million of structured notes in total last month tied to the embattled French grocer — the most on record

“KPMG has been instructed to draw up an emergency turnaround plan, including the possible filing of a company voluntary arrangement, a form of bankruptcy protection, the Sunday Telegraph reported”

Structural weakness on UK’s high streets continue as Sports Direct acquires distressed House of Fraser. It’s worth noting that this purchase “represents the sixth change of ownership in just 33 years, during which time, House of Fraser has had even more chief executives and managing directors.”

Suppliers are struggling to find routes to market for big-volume orders, as credit insurance is withdrawn from troubled high street retailers

If one ever needed tangible evidence of how much consumer habits have changed over the past decade, look no further than the UK high street. The litany of failures and restructurings continue unabated. In H1 2018 alone, the following establishments have issued announcements: Byron’s Burgers: Closing of 20 (or 30%) of its 67 premises while […]