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

COVID-19 recovery is on the horizon but the pandemic's impact on sustainability, retail, product development and consumer buying patterns means the denim industry must evolve. Join Rivet on April 20th at 11 am ET for the COVID, One Year Later roundtable.

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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