Administration news and archive

Claire’s and The Original Factory Shop enter administration proceedings

This week has been yet another rife in administration proceedings. Claire’s UK and Ireland operations have officially collapsed, as has discount retailer The Original Factory Shop (TFOS), collectively putting around over 2,180 jobs at risk. Both companies are owned by Modella Capital. Claire’s administration was confirmed to Sky News on Monday,...

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LK Bennett stores at risk of closure following acquisition out of administration by Gordon Brothers

The long-term outlook for LK Bennett’s store portfolio remains uncertain, following the premium womenswear acquisition out of administration by US investment firm Gordon Brothers on Wednesday, January 28. The new owners, who own Laura Ashley and Poundland, acquired the LK Bennett brand and its intellectual property (IP) assets just a day after...

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Okaïdi files for administration for its French operations

The IDKIDS group, owner of the childrenswear brand Okaïdi, announced on Tuesday that it is filing for administration for its French operations. The group employs 2,000 people in France. A hearing will take place in February before the Lille Métropole commercial court, IDKIDS told AFP. The filing concerns the brands Obaïbi (for ages 0 to 3), Okaï...

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SilkFred’s debts mount to 4.4 million pounds, sale anticipated "shortly"

A new filing has revealed that collapsed multibrand e-tailer SilkFred is said to owe an estimated 4.4 million pounds to unsecured creditors. A joint administrators document filed with the UK’s Companies House by Quantuma Advisory has shown the company, which fell into administration in October 2025, owes 463,597 pounds to brands that were...

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Thousands of customers left out of pocket following Huh administration

UK fashion retailer Huh entered administration in November after facing a prolonged period defined by widening losses and supply chain issues. Now, administrators say that nearly 5,000 customers are unlikely to receive either their orders or a refund. Documents filed with the UK’s Companies House show that Huh owes 162,319 pounds to 4,983...

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Claire’s and The Original Factory Shop due to enter administration

The parent company of Claire’s and The Original Factory Shop (TOFS) is preparing to enter the two retailers into administration. Private equity firm Modella Capital said the current climate was “extremely challenging” for high street retailers, particularly due to “an alarming drop-off in pre-Christmas footfall”. In a statement to The Guardian,...

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Navigating change: A look at the UK fashion industry's defining year in 2025

Between a Boohoo to Debenhams rebrand; the creation of new specialised fashion groups; and turnarounds that have seen some high street darlings get back on track, 2025 has been a definitive year for the UK fashion industry. Major shifts are underway, and so for many this year is just the start. Here are some of the most notable chop and changes,...

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Eterna files for self-administration proceedings

Eterna Mode GmbH has filed for insolvency under self-administration at Passau District Court. The aim of the proceedings is to implement the final milestone in the transformation of the Passau-based shirt and blouse specialist. This includes the complete outsourcing of logistics as well as the sale and leaseback of the company premises, Eterna...

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Claire's France: two takeover bids approved by court, half of employees retained

The Paris Commercial Court approved two partial takeover bids for the Claire's brand in France on Friday. The company was placed in administration at the end of July, lawyers for the staff representatives told AFP on Monday. The lawyers detailed that around 450 out of 830 employees will be taken on by two companies. The vast majority will be...

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Two very partial takeover bids for footwear brand André

Two very partial takeover bids for the footwear brand André, which has been in administration since the end of April, were published on Thursday by the Paris Commercial Court. The first of these bids comes from the Brittany-based group Beaumanoir, owner of Sarenza, which has previously acquired Naf Naf, Jennyfer and La Halle. Beaumanoir,...

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SilkFred falls into administration amid tough trading

Independent brand platform SilkFred has become yet another victim to challenging trading conditions in the UK, where it has now filed for administration. The “majority” of SilkFred’s 14 employees have been made redundant as a result. Andrew Watling and Duncan Beat, managing directors at advisory firm Quantuma, were appointed joint administrators...

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Claire’s reportedly set to close up to 145 stores across UK

Accessories retailer Claire’s is believed to be preparing to shutter 145 stores across the UK and Ireland on the back of securing a new owner for its business in the two regions. The move comes after Modella Capital stepped up to rescue the retailer from administration last week. The deal, however, only involved the purchase of 156 Claire’s...