duff and phelps news and archive

Calvetron Brands to shut 102 concessions

Administrators for Calvetron Brands, the owner of Jacques Vert and Précis fashion brands, have confirmed that they have served notice on 102 concessions in the UK and Republic of Ireland. These closures and those announced previously, including Dash and Eastex closures made on June 4, will result in a total of 449 redundancies and form part of...

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Rare London goes into administration

Fashion label Rare London, modelled by reality TV celebrities including The Only Way is Essex star Sam Faiers, has announced on its Facebook page that it has ceased trading, making all staff redundant after administrators were appointed last week. In the statement, Rare London said administrators from Duff and Phelps Ltd were appointed on July...

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BHS international portfolio and online sold to Al Mana Group

London - Although collapsed department store group BHS is likely to fade from the British high street, it will live on overseas as its international portfolio has been acquired by a Qatari retail group. BHS administrators Duff & Phelps have confirmed the sale of the collapsed retailer overseas business and online operations to Al Mana Group. The...

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Debenhams and M&S to gain from potential BHS break up

With the deadline for buyers bidding for the collapsed retail chain British Home Stores (BHS) having past, it only remains a matter of time until administrators Duff & Phelps announce the new owner. However, the lucky bidder would have to take over BHS entire UK 164 store network - including 40 loss-making stores - as well as the department...

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Timeline: BHS enters administration

Confirmed: BHS has officially entered into administration after last-minute negotiations to rescue the high street department store group failed to come through. The department store group, which at the time counts 11,000 employees and 164 UK stores, collapse is said to be the biggest high street insolvency since the bankruptcy of Woolworths in...