Retail news
Your search returned 51 results
Jobs at risk as Faith folds
- Posted:
- 23 April 2010 09:49
Footwear chain Faith was placed in administration yesterday in a move raising fears over the future of more than 1,700 jobs. Faith has been up for sale for a number of weeks, but administrators Mazars said they were called in after directors realised that a "solvent sale was not possible".The ...read more
Chez Gerard owner faces possible pre-pack administration
- Posted:
- 03 March 2010 09:30
It has been reported that Paramount Restaurants could face pre-pack administration as one of several options being considered by its bank owners.Losses have deepened at the group, which operates the Chez Gerard and Caffe Uno chains, leading the banks to wrest control of the business from its private equity owners ...read more
Game group refinances to 2012
- Posted:
- 30 July 2009 09:37
Game group has announced that its bank facilities have been extended until June 2012. The £175 million facility is with five banks, including existing lenders, and replaces the £125 million facility due to expire in May 2010.It includes a £50 million term loan and a £125million multi-currency revolving credit facility.Commenting ...read more
JJB proposes CVA to stave off creditors
- Posted:
- 07 April 2009 09:30
JJB has released further details of its plans to help it stay afloat despite its rising tide of debt.As part of the plans, the Wigan-based business said it had finalised the terms of a company voluntary agreement (CVA) aimed at easing its rent burden and shoring up its finances.A CVA ...read more
Clinton Cards denies CVA rumours
- Posted:
- 17 February 2009 09:26
Clinton Cards has reacted angrily to speculation that it could be forced into a Company Voluntary Arrangement to protect itself from creditors - something that would essentially declare the company insolvent. Speaking to The Times, group commercial director Barry Hartog said: "We are very distressed about these unfounded rumours. Nothing ...read more
Retail news is updated every weekday and is provided courtesy of: 
