Jobs at risk as Jacques Vert owner collapses
The concession retailer has become the latest casualty on the high street.
The concession retailer has become the latest casualty on the high street.
C.banner will buy a controlling stake in the retail chain if it carries out a programme of store closures.
The retailer has earmarked 81 stores for closure.
The retailer is putting together a restructuring plan similar to that chosen by New Look and Byron.
The chain has earmarked 81 stores for closure as part of a restructuring.
The Chinese owner of Hamleys has entered into talks about buying a stake in House of Fraser.
Allied Healthcare has cited a “highly challenging environment” as the reason for having to pursue a company voluntary agreement.
The retailer could opt for an insolvency procedure which would involve store closures.
The celebrity chef has offloaded five restaurants in Australia but one has entered administration.
Gary Grant of toy retailer The Entertainer said business rates remain ‘the elephant in the room’.
Select’s landlords have approved and insolvency proposal known as a Company Voluntary Agreement.
The firm said it hopes to relocate staff where possible.
They also have a ferret, a turtle and three dogs.
Genus UK, which trades as Select from 183 outlets, has called in corporate recovery firm Quantuma.
KPMG found that 25% of companies in the casual dining space booked an operating loss at least once over the last two quarters.