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UK Bankruptcy Calamity Hits DW Sports, M&Co. Is River Island Next?

Rivet's 2020 Denim Circularity report takes a deep dive into how the global denim industry is plotting its circular future amidst a worldwide pandemic.

Drama in the U.K. fashion space continues as administration—the country’s equivalent to bankruptcy in the U.S.—could potentially befall three more apparel retailers. On July 3, DW Sports filed for administration and will shutter all its 75 stores, putting approximately 1,700 employees at risk of being laid off. BDO LLP was appointed administrator of the U.K.-based…

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