Administration news and archive

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...

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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...

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Princesse tam tam and Comptoir des Cotonniers placed in administration

Paris - The crisis continues in French ready-to-wear. Lingerie brand Princesse tam tam and clothing brand Comptoir des Cotonniers have entered administration. AFP learned this on Wednesday from a source close to the matter. Struggling for several years, these two brands have found it difficult to withstand "a market context that has not...

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New Look liquidates Irish business, 26 stores to close

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...

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Quiz UK and Ireland retail subsidiary falls into administration, 23 stores to close

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...

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Dancing Leopard falls into administration

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...

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Dion Lee places Australian arm into administration following investor departure

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...

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Ted Baker to close 11 UK stores, 245 jobs to be lost

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...

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DK Company takes over the insolvent fashion brand Wood Wood

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...

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Ted Baker calls in administrators for UK arm

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...

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Frasers Group puts Matchesfashion into administration

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’...

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The Body Shop’s German business falls into administration, Belgium next

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...