Liquidation news and archive

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...

FeaturedMember

Business

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...

FeaturedMember

Business

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...

FeaturedMember

Business

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...

Member

Business

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...

Member

Business

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’...

Retail

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...

Member

Business

Sibling confirms voluntary liquidation

London - Sibling, the London-based fashion label, has confirmed it is set to wind down its business after entering voluntary liquidation. The confirmation comes a week after reports concerning the knitwear and daywear had entered liquidation first emerged. "Sibling is now on hiatus and liquidators have been appointed voluntarily to assist in...