
Unsecured creditors of Go Outdoors could get back only around 1p in the pound, according to Deloitte. Given that it plans to pay most bills and honour customer returns, that leaves landlords as the main group to suffer.
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Unsecured creditors of Go Outdoors could get back only around 1p in the pound, according to Deloitte. Given that it plans to pay most bills and honour customer returns, that leaves landlords as the main group to suffer.
Fashion retail giant Next look set to emerge the winner as a number of rivals compete to run the failed British arm of lingerie firm Victoria’s Secret.
As footwear retailer Clarks seeks new funding, a number of private equity companies are reportedly keen to take a stake in the company. And a former Triumph head is joining next month to run the Clarks unit.
Value fashion retail chain M&Co is the latest UK business to call in advisers. It has appointed Deloitte to look at options such as a pre-pack administration and/or finding new backers.
UK retail giants Next and Marks & Spencer are both interested in taking on the British operations of Victoria's Secret, the international lingerie brand owned by L Brands, according to a report on Friday.
Retailer JD Sports said on Tuesday it had appointed Deloitte as administrator for its loss-making outdoor clothing business that has been struggling with falling demand, and will begin a restructuring of the unit.
Debenhams isn’t the only UK retailer to opt for a so-called light touch administration filing during the lockdown and on Friday, the UK arm of Victoria’s Secret did the same, naming Deloitte to handle the process.
Ken Fennell and James Anderson of Deloitte Ireland have been confirmed as joint liquidators of the two companies, which employed 248 people and operated 13 stores and 29 concessions in Ireland.
UK footwear giant Clarks has called in an army of advisors as plans are worked on to restructure the firm and fears mount that more stores than expected could close.
Britain’s largest companies expect the coronavirus to reduce their sales by more than a fifth this year and are gloomier than during the 2008-09 financial crisis, according to a survey published on Monday by Deloitte.