Liquidation news and archive

Original Blues appoints liquidators after 41 years in business

British clothing brand Original Blues is joining the slew of retailers shutting up shop after appointing liquidators to oversee its winding down process. According to a filing with The Gazette, Umang Patel of Neum Insolvency was named the company’s liquidator. The official voluntary process will involve the sale of assets to pay creditors before...

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Leading Labels to shutter 15 stores amid liquidation proceedings

Off-price retail chain Leading Labels is closing all of its 15 stores after entering liquidation proceedings. Ahead of appointing Jeremy Bleazard of XL Business Solutions Limited as liquidator on May 26, the company launched clearance sales across its store estate as the winding down process began. Companies House documents further showed that...

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French retail chain Minelli starts liquidation sale ahead of its permanent closure

Paris - “Liquidation -60 percent”: hastily put up on Wednesday morning, small posters in the window set the tone. As another victim of the ready-to-wear crisis, French shoe retailer Minelli will permanently close its doors after May 30. The brand's shops, which entered receivership in March for the second time in three years, will remain open...

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Ireland’s Born Clothing shutters after 16 years, 15 stores to close

Born Clothing, an Irish retail chain, is set to shutter 15 stores after provisional liquidators were appointed to oversee the closure of the business. According to Irish broadcaster RTE, the High Court made the appointment after a hearing in which the retailer’s struggles with mounting debt, pandemic impact, minimum wage increases, and high...

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Heritage hatmaker Christy & Co. falls into liquidation

Christy & Co., the parent company of heritage hatmaker Christys, has been placed into voluntary liquidation and is winding down after 253 years in business. According to filings with Companies House, insolvency specialists Yiannis Koumettou and Amie Helen Johnson of BTF Begbies Traynoy LLP have been appointed to oversee the process. Documents...

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Francesca’s: The journey to a second bankruptcy for the US mall-based retail chain

US retail chain Francesca’s has filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court for the District of New Jersey. The news comes after media reports speculated that the company was already in the process of liquidating its inventory and was planning to close stores. At the time, it was suggested that Francesca’s was also...

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Kate Moss’s wellness label Cosmoss collapses, underscoring the volatility of celebrity ventures

Cosmoss, the premium skincare and wellness label founded by supermodel Kate Moss in 2022, has entered creditors’ voluntary liquidation barely two years after launch, according to filings at Companies House. Filed documents show liquidators were appointed at the end of June and a winding-up resolution was passed on 25 June. The business disclosed...

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UK arm of People Tree falls into liquidation, owes 8.5 million pounds

The UK business of ethical fashion brand People Tree is believed to have fallen into liquidation after accumulating debts of over 8.5 million pounds in light of deteriorating trading conditions. It is understood that the company’s creditors have received warnings that it could not meet the debts, with a meeting now expected to be held September...

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Julien Macdonald’s brand falls into liquidation

The eponymous brand of Welsh designer Julien Macdonald has become another victim of the current economic climate, having fallen into liquidation as a result of turbulent market conditions. The news had been confirmed by FTS Recovery, which told WWD that Alan Coleman and Marco Piacquadio had been appointed as joint liquidators to the luxury...

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Camaieu's liquidation leaves employees in shock

"I hope you will be punished": when the commercial court of Lille announced the liquidation of Camaieu, its employees took Michel Ohayon, the Bordeaux businessman who had taken over the ready-to-wear chain and its 2,600 employees, to work. "We fought for this company! I'm as appalled as you are", the businessman, who heads the Financière...

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New Look France goes into liquidation

The French arm of UK retailer New Look has gone into liquidation after failing to find a credible buyer. A Paris trade court made the decision on 26 June following a request from administrators of the company’s French arm. New Look has 30 stores in France and around 400 employees with a turnover of around 50 million euros. In November, New Look’...

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Store Twenty One admits defeat with the closure of remaining stores

Multiple efforts to save the financially unstable, Store Twenty One were halted this morning after the company entered into compulsory liquidation. The budget fashion chain’s remaining 122 stores were closed on Friday, resulting in the loss of 900 retail jobs. News of Store Twenty One’s compulsory liquidation comes as no surprise, as the company...