More than 500 jobs are set to be lost after Monsoon Accessorize entered administration, while fashion firm Quiz is set to let 93 jobs go. British retailer Monsoon Accessorize expects to make 545 staff redundant as it closes 35 stores, despite founder Peter Simon buying the business out of administration almost immediately. The deal will … Read more
Women’s fashion retailer Quiz places division behind 82 of its standalone stores into administration By Henry Martin For Mailonline Published: 07:41 BST, 10 June 2020 | Updated: 08:52 BST, 10 June 2020 Fashion retailer Quiz has placed the division that runs its 82 standalone stores into administration as it looks to secure the future of … Read more
Victoria’s Secret UK has sank into administration, becoming the latest high street casualty of the pandemic and putting more than 800 jobs in jeopardy. Sales have nosedived during the lockdown after the lingerie retailer’s 25 British stores were forced to shutter. The firm has already furloughed 785 of its workers, who have been further tossed into … Read more
Trump administration is ‘considering first nuclear weapons test since 1992 citing threats from Russia and China’ – but experts warn it could start an ‘unprecedented arms race’ and destabilize international relations Trump administration officials allegedly discussed conducting a nuclear weapons test during a May 15 meeting with several national security agencies They claimed Russia and … Read more
Another mini-bond in administration: Blackmore owes savers £45m after promising 9.9% returns on property projects By Daily Mail City & Finance Reporter Published: 21:51 BST, 23 April 2020 | Updated: 21:51 BST, 23 April 2020 Another savings firm offering so-called mini-bonds has tumbled into administration, spelling potential disaster for investors. Blackmore Bond, which owes savers … Read more
Virgin Australia has become the first long-haul international airline to go into administration amid the coronavirus pandemic. Sir Richard Branson has vowed that ‘this is not the end’ for his Australian franchise as he urged the UK Government to help save Virgin Atlantic amid fears it could go under. The Virgin Group boss is thought … Read more
Virgin Australia has gone into voluntary administration, putting 16,000 jobs under threat. The airline will be managed by accountants from Deloitte while it restructures and looks for a buyer. There are fears the restructure will involve scrapping less profitable routes, particularly to regional areas, meaning Qantas will be the only provider and can push up … Read more
Virgin Australia ‘sensationally collapses into voluntary administration after failing crisis talks failed to save the embattled airline’ – leaving 16,000 employees in limbo Virgin’s board is reported to have put the airline into voluntary administration The airline would not confirm or deny the claim on Monday evening 16,000 jobs at risk however the airline could … Read more
Debenhams has confirmed the closure of seven stores with the loss of 422 jobs after it slid into administration last week. The department store firm said it has agreed terms with landlords to continue trading at 120 of its 142 UK stores. It is understood the group is in ongoing talks over the remaining stores … Read more
High Street chains Oasis and Warehouse on brink of administration – putting 2,300 jobs at risk By Daily Mail City & Finance Reporter Published: 22:46 BST, 14 April 2020 | Updated: 23:08 BST, 14 April 2020 Fashion sellers Oasis and Warehouse were on the brink of administration last night – putting 2,300 jobs at risk. … Read more