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administration

The Tom Joule and Next Plc $27.7Mn deal for bankrupt Joules will save 1,450 jobs, although 19 stores will close and 133 jobs cut.

Tom Joule and Next to Acquire Bankrupt Joules

Joules appointed administrators after rescue talks fail, while Frasers is in advanced discussions to acquire tailor to royal court, Gieves & Hawkes.

Joules Administration Threatens 1,600 Jobs

British luxury fashion label Amanda Wakeley, worn by Angelina Jolie and Beyonce, will be liquidated after failing to find a buyer.

Bankrupt British Fashion Label to Liquidate

U.K. men's shirtmaker T.M. Lewin, in administration since last month, was sold to its main lender Petra Group.

Bankrupt British Shirtmaker Sold Again

TM Lewin is in administration for the second time in as many years, as more men move away from suits and embrace casual fashion options.

Office Trend Signals Emerge in Men’s Wear Brand’s Second Bankruptcy in 2 Years

The Covid pandemic accelerated the decline in men's suiting, which has seen an impact on other related categories such as shirts and shoes.

British Footwear Brand Goes Bankrupt

UK retail saw a decline of 5,251 net store closures for the first 6 months of 2021, with apparel and department stores the biggest losers.

Here’s How Many UK Fashion, Furniture and Department Stores Closed Through June

The Beyonce-approved designer occasion wear fashion brand Amanda Wakeley filed for bankruptcy after it was unable to find a buyer.

Another British Fashion Label Collapsed Into Bankruptcy

Unable to close on deals before a deadline, retailers Peacocks and Jaeger are in bankruptcy but are still in talks with possible buyers.

Peacocks, Jaeger in Bankruptcy But Still in Talks With Buyers

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