Ted Baker: 245 jobs and 15 stores including London Bridge slashed by administrators April 8, 2024 Over 200 jobs and 15 Ted Baker stores have been terminated as part of its administrative process, in another blow to high street.
Retail apocalypse: More than 2,000 stores went bust as UK high streets suffer April 8, 2024 Over 2,000 retailers have gone bust in the last year, a new report has found, delivering another blow to the UK’s struggling retail sector.
Majestic saves Vagabond’s wine bars – but one London branch to shutter April 5, 2024 Retailer Majestic Wines has bought Vagabond Wines out of administration, saving nine of its wine bars from closure.
Mark Kleinman: Thames Water crisis drains confidence in privatised sector April 4, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the City talking in his weekly City A.M. column. This week he tackles Thames Water
Bidstack stays silent as investor anger grows over pre-pack administration deal April 4, 2024 The bosses of in-game advertising firm Bidstack have remained silent since buying the Aim-listed firm out of administration last month, fuelling anger among retail investors.
Thames Water owners to start urgent restructuring talks April 1, 2024 The owners of Thames Water will reportedly commence restructuring talks in the coming days as the embattled firm's parent company Kemble risks entering insolvency within weeks unless lenders agree to a debt-for-equity deal.
Japanese retailer Muji eyes up pre-pack administration deal to keep UK stores open March 28, 2024 Japanese retailer Muji is lining up a deal to sell itself out of administration in a bid to keep its UK stores open.
Mark Kleinman: This week’s must-read column March 28, 2024 Sky News’ City Editor Mark Kleinman writes a weekly column for City A.M., this week on the planned football regulator and NatWest’s new leadership team They think it’s all over – it isn’t yet, not by a long way. With apologies to the late Kenneth Wolstenholme, the legislation published by the government last week to [...]
Premiership rugby: Saracens make £5m loss and clubs to battle government? March 27, 2024 England’s top-flight Premiership rugby clubs are at loggerheads with the government over the repayment of loans worth over £150m from the Covid-19 pandemic. The first raft of repayments are due imminently, according to the Mail, and clubs are hoping to get repayment dates pushed back. The government is said to have provided low interest loans [...]
Revolution Bars confirms it’s looking at ‘strategic options’ as it fights to survive March 26, 2024 Revolution Bars is undergoing talks to sell off around a quarter of its venues, according to reports.