Administration news and archive

M&Co reportedly owed 46 million pounds before collapse

High street retailer M&Co is revealed to have owed unsecured creditors over 46 million pounds at the time of its collapse, with 1,800 jobs also reportedly lost. The Scottish company appointed administrators towards the end of 2022, two years after it had previously collapsed during the pandemic. At the beginning of 2023, its 170 stores were...

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French kidswear specialist Okaïdi exits administration

Lille - French kidswear retailer Okaïdi has exited administration after a court approved a recovery plan that has resulted in the loss of 244 jobs and the closure of 57 stores in France, the company announced on Tuesday. The brand has also ceased trading outside France, shutting 25 stores in Poland, 17 in Germany and two in Portugal, it told...

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Activewear Group enters administration after 12 years in business

UK clothing and activewear retailer Activewear Group has entered administration, according to a filing published in The Gazette. Stuart Kelly and Claire Harsley of Mackay Goodwin were appointed joint administrators on July 8. The company, which was established in 2014, specialises in affordable activewear, workwear and uniforms, alongside...

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BrandAlley secures rescue deal following administration

Online off-price fashion retailer BrandAlley has been acquired out of administration in a pre-pack sale, allowing the business to continue trading under new ownership. Administrators from BDO were appointed to BrandAlley UK on 29 May before completing an immediate sale of the business and most of its assets to BrandAlley International Limited, a...

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London streetwear brand Trapstar seeks buyer amid cash crunch

UK streetwear label Trapstar has been placed on an insolvency marketplace as the business seeks a buyer to navigate working capital challenges, according to a report by London-based business publication City AM. The fashion house was founded in 2005. It achieved global prominence by pioneering the drop retail model, utilising short-notice social...

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Quiz administrators confirm phased store closures as three locations shutter

Administrators for Quiz have confirmed further details of a phased closure plan for the company’s retail network, with all stores now expected to shutter by the end of June 2026. Locations in Castlecourt, Leeds and Romford have already closed, while the remaining 37 sites remain in operation. Interpath, who was appointed to oversee the process...

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Shoe brand Minelli announces permanent closure on May 30

Paris (France) - Shoe brand Minelli, which employs 86 people, announced on Wednesday its permanent closure after May 30. The company was placed into administration in March for the second time in three years. Its stores will remain open until the closing date. “It is with a heavy heart that we announce Minelli is permanently closing its doors,”...

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Minelli receives half a dozen mostly partial takeover bids

Paris (France) - The administration of footwear brand Minelli has resulted in half a dozen mostly partial takeover bids. These offers often include a few stores or just the brand name without its employees. This was confirmed by the Paris Commercial Court's website, following a report from French digital media outlet l'Informé. Potential buyers...

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Quiz stores to remain open in May as review continues

Administrators for Quiz have confirmed that the retailer’s stores will remain open through the month of May as efforts to wind down stock continue. Interpath, which was appointed to oversee Quiz’s proceedings earlier this year, is continuing to review the trading situation as well as the supply of new stock from distribution centres to stores....

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The Original Factory Shop closes UK stores

The Original Factory Shop (TFOS) has closed all of its UK stores after collapsing into administration. The company has confirmed the closure of its 137 stores and Bolton headquarters, marking the end of its 50 years in trading. Administrators from Interpath confirmed that the company would be winding down to the media earlier this month. The...

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JOTT: commercial court approves Amoniss' bid, sets sights on relaunch

A commercial court has ruled in favour of Amoniss' proposal in the JOTT case. After being placed into administration, the Marseille commercial court has selected the offer from the Amoniss group to take over JOTT (Just Over The Top), a French brand of lightweight down jackets positioned in the accessible premium segment. The successful bid...

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French Shoe brand Minelli enters administration again

Shoe brand Minelli has once again been placed into administration, two and a half years after a similar procedure led to the brand's acquisition, according to a court document seen by AFP, confirming a report by L'Informé. Minelli had been in a safeguarding procedure since September, which was converted into administration in March by a ruling...