Interpath news and archive

Russell & Bromley owes unsecured creditors 37.5 million pounds

British retailer Russell & Bromley owes 37.5 million pounds to unsecured creditors following its collapse into administration in January, according to a progress report from joint administrators Interpath seen by the media. The report, which covers the six months to 20 July, said unsecured creditors may receive a dividend, yet the amount remains...

Member

Business

BrandAlley appoints advisors to explore potential sale

Off-price premium e-tailer BrandAlley has reportedly appointed advisors from Interpath to explore strategic options for the business, including a potential sale. According to Retail Week, the company is seeking a new investment partner to support its next phase of growth. Management had initially been eyeing a debt raise, but is now said to be...

Member

Business

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....

Member

Business

Next and Frasers said to be in running for Seraphine rescue deal

Following Seraphine’s descent into administration last week, speculation over potential saviours are beginning to swirl. Among them, British retail giants Next and Frasers Group are said to be frontrunners in potential deals to rescue the maternity wear brand. According to sources for Drapers, dubbed “several industry veterans”, the two firms...

Member

Business

Claire’s eyeing US bankruptcy, reportedly appoints advisors in UK

New reports have emerged speculating on the position in which accessories chain Claire’s finds itself in. In the US, it is believed that the teen-focused retailer is mulling a Chapter 11 filing, while in the UK, advisors are said to have been appointed to oversee a rescue plan. The reports come weeks after rumours surrounding a potential sale of...

FeaturedMember

Business

Seraphine appoints administrators

British maternity brand Seraphine has collapsed into administration and appointed Will Wright and Chris Pole from Interpath as joint administrators. In a statement, Seraphine said it had been experiencing “trading challenges” in recent years, which have been “exacerbated by fragile consumer confidence which had negatively impacted sales”. The...