Bennetts news and archive

Bennetts saved from administration

The world's oldest department store, Bennetts in Derby, England, has been saved from administration and collapse after a yet undisclosed buyer bought the business. According to joint administrators from Bridgewood, the deal has been agreed and the details of the buy will be revealed by the end of April. Bridgewood told Retail Gazette 22 jobs...

Retail

Bennetts, world's oldest department store, enters administration

Bennetts, the world's oldest department store founded in 1734, has entered administration. The Derbyshire-based company has appointed Bridgewood Financial Solutions after being hit by weakening consumer confidence, online competition and growing costs. According to the Retail Gazette, the administrators said the historic department store’s loyal...