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

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

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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