Fast fashion retailer New Look is preparing to wind down its operations in Ireland, where a subsidiary for the company has been appointed a provisional liquidators following a battle with widening losses over several years. The High Court has approved the appointment for New Look Retailers (Ireland) Limited after its parent company said it was...
20 Feb 2025
Quiz has confirmed that consultancy firm Teneo has been appointed as the administrator to Zandra Retail Limited, the company’s wholly owned subsidiary which operates its standalone UK and Ireland retail stores. Orion Retail Limited, another subsidiary to Quiz, has now agreed to acquire certain assets of Zandra, including the right to occupy and...
Fashion e-tailer Dancing Leopard has filed for administration, appointing Birmingham-based insolvency firm Sanderlings to handle the proceedings. This is according to recent filings with the UK’s Companies House, where it was revealed that Andrew Fender and Sandra Fender were named joint administrators. Dancing Leopard was founded in 2009 by...
9 Jan 2025
New York Fashion Week regular Dion Lee has placed its Australian arm under administration, appointing insolvency firm dVT Group to oversee the procedure and explore the next steps. The move comes after the brand, which hails from Sydney, Australia, saw Cue pull out as an investor after the local retail chain underwent a “strategic review”. DVT’s...
30 May 2024
Weeks after the appointment of administrators for its UK arm No Ordinary Designer Label (NODL), Ted Baker has now confirmed that 11 of its stores in the region are set to close. All sites are expected to cease trading by April 19, triggering the loss of 120 store roles. In addition to this, 25 head office roles have also been made redundant “as...
8 Apr 2024
The Danish conglomerate DK Company has taken over clothing brand Wood Wood, which had slipped into insolvency last year. In autumn 2023, the company closed a number of stores, including a branch in Berlin and in London's Soho district. Another branch in Berlin and a shop in Aarhus had already been forced to close in the spring. Through the sale...
5 Apr 2024
British retailer Ted Baker has called in administrators for its UK operations after struggling to deal with the damage caused by a partnership with former collaborator AARC. As such, independent director Russell Downs and No Ordinary Designer Label (NODL), a subsidiary of the brand’s parent company Authentic Brands Group which trades under the...
19 Mar 2024
Matchesfashion has been placed into administration as the new owner, Frasers Group, battles with discontent from suppliers. The troubled retailer, rebranded to its original name Matches last year, reportedly owes payments to numerous suppliers, prompting an exodus of brands that no longer wish to be stocked on the site. “While Matches’...
8 Mar 2024
Following the fall into administration of its UK business, The Body Shop’s German stores are now beginning to close down after also taking the plunge, a process that will reportedly soon follow in Belgium. The closures are being carried out by restructuring specialist Aurelius, which snapped up the cosmetics retailer in an acquisition deal last...
19 Feb 2024
Cosmetics retailer The Body Shop has officially fallen into administration in the UK, appointing insolvency experts FRP Advisory to oversee the process. The move could put over 2,000 jobs at risk, various media have reported, with the company currently operating more than 200 shops throughout the UK. According to FRP, which released a statement...
15 Feb 2024
The KaDeWe Group, which operates the luxury department stores KaDeWe (Berlin), Oberpollinger (Munich) and Alsterhaus (Hamburg), has filed for insolvency. However, the stores will continue to operate, the company told the German Press Agency on Monday. Insolvency proceedings under self-administration have been applied for. The retail company...
29 Jan 2024
Family-owned retailer Designer Childrenswear has fallen into administration, becoming yet another UK-based name to fall victim to the cost-of-living crisis that continues to grip the nation. Andrew Haslam and Allan Kelly, partners of FRP Advisory, have been appointed joint administrators of the case, according to filings with the region’s...
18 Dec 2023