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Independent Press Standards Organisation (IPSO). To sign up for Business Live's daily newsletters click here. The chain had announced plans to axe 30 stores in February in a bid to salvage the company. An initially promising U.S. forecast for the northern lights has gone bust. The retro fashion chain will not reopen any of its shops when the lockdown ends after calling in administrators last month. However, the company was snapped up by homeware brand Olivia’s - part of the Moot Group - for an undisclosed sum, according to Insider.co.uk. In better news Barratts, the shoe retailer, has been rescued in a deal that has saved 1100 jobs but 680 jobs have been lost. Fri, 20 Nov 2020 | ADMINISTRATION British fashion retailers Peacocks and Jaeger have fallen into administration, putting over 4,700 jobs at risk. Peacocks has stores in Hanley, Newcastle, Leek, Congleton, Crewe and Stafford, which are trading as usual. “With a second wave of the pandemic underway, we have seen a record increase in the number of shuttered shops," said Helen Dickinson, chief executive of the British Retail Consortium. The retailer is to close all of its UK stores and around 600 workers will lose their jobs after the firm said it was going online-only in a bid to save the 120-year-old brand. Travel data company Cirium found that 43 commercial airlines have failed — completely ceased or suspended operations — in 2020 so far, compared to 46 in all of 2019 and 56 throughout 2018. Adult peafowl are pretty hardy creatures but it is still important to do what you can to help your peafowl stay comfortable, especially since all types of peafowl originated in areas with warmer climates. It has more than 1,000 stores in the UK including 265 Edinburgh Woollen Mill stores and 479 Peacocks outlets. Consumers with gift cards for fashion retailer Peacocks can no longer use them as the company has gone into administration. The company said its income was hit by the Government-enforced closure of gyms and stores due to the Covid lockdown. Peacocks sale on cards as owner Day seeks valuation. Women's clothing chain Bonmarché fell into administration on Wednesday, December 2, for the second time in just over a year, putting more than 1,500 jobs at risk. Hannah has nearly a decade's experience reporting on the business scene in the UK. Sir Philip Green's Arcadia Group went into administration on Monday, November 30, putting 13,000 jobs at risk. Peacocks Stores Limited (In Administration) The Joint Administrators act as agents of the Company and without personal liability. It reportedly said in a message to staff that it was “speaking to a number of parties” interested in investing or acquiring parts of the business, the FT said. They added: "Bensons' dedicated manufacturing site in Huntingdon, Cambridgeshire, has increased production and recruited an additional 45 staff in the autumn.". The online business is performing very well.". Bureau, its office-oriented associate business, continues to trade and is not affected by Houseology's administration. JD Sports bought back its Go Outdoors business for £56.5million after pushing it into administration in June. Croydon Council has gone bust after running up £1.5 billion in debt, according to local MP Chris Philp. In a statement to Kent Online, the owners said: "Unfortunately, prolonged and continued M20 Junction 10a roadworks have caused a devastating downturn in trade in the last three years, combined with increased rent and business rates. The online bathroom retailer collapsed at the end of February. High street clothing chain Edinburgh Woollen Mill (EWM), which also owns Peacocks and Jaeger, has been granted a further 10 working days to speak to potential suitors and work on a rescue plan. The fashion chain announced today (June 10) it expects to cut 545 jobs from the business despite founder Peter Simon buying the chain out of administration almost immediately. The group reportedly said 822 of the 915 staff affected by the decision will remain with the group. The firm had recently been bought by Stonebridge Private Equity through its subsidiary Torque Brands, with the new owner saying that the future of the entire retail sector was facing a "very real threat.". She is based in Bristol but covers the entire region, as well as stories across the wider South of England. Posted on 14 June 2020 by starttravel.co.uk. High street clothing chain Edinburgh Woollen Mill has gone into administration tonight (Friday) with more thsan 2,000 jobs at risk. Debenhams said its administrators, FRP Advisory, had "regretfully concluded that they should commence a wind-down of Debenhams UK, whilst continuing to seek offers for all or parts of the business.". Sainsbury's announced plans to cut 3,500 jobs with the majority being lost at Argos. Bonmarche store front at Hounslow High Street in west London, Inspecs owns the factory where John Lennon's famous round glasses were made, Oak Furnitureland at Leeds Road Retail Park, General view of a BrightHouse store in Marlowes, Hemel Hempstead, the latest restrictions could be "ruinous", Sign up to our newsletter: Get more business news, views and analysis straight to your inbox, Everything you need to know about Sir Philip Green, the man behind Arcadia Group, Bonmarché fell into administration on Wednesday, after a two-week deadline to find a buyer passed, Competition watchdog says tribunal ‘misapplied the law’ in quashing decision to block JD Sports’ acquisition of Footasylum, Devon town launches gift card to encourage Christmas shoppers to keep it local as lockdown ends, would wind down its retail business for good, but Bath-based designer eyewear firm Inspecs bought up the manufacturing arm of the business, close all of its UK stores and around 600 workers will lose their jobs, which employs 2,400 staff, and intends to "retain the majority" of its retail stores, reassured customers it was business as usual and that orders would be fulfilled, showrooms and warehouses began to reopen last week, chain out of administration almost immediately, Mike Ashley's Frasers Group mulls Mulberry takeover bid, James Caan: Dragons' Den star talks business and job hunting during the Covid-19 pandemic, formally entered administration at the start of April, Pandemic drives big rise in contactless transactions, British Chambers of Commerce says Government leaving firms relying on “speculation and rumour” for survival, confirmed all remaining outlets would cease trading, List of shops that have collapsed into administration in 2020 as UK lockdown hits high street, Debenhams closing down: All 124 UK stores set to close as department store chain goes into liquidation, The chain's closure will leave holes in shopping centres and high streets across the UK, Sports Direct to open major new store in Birmingham, High street name has signed a deal to renovate for the former Primark store to create new flagship shop across four floors, McDonald's is closing all UK restaurants today in response to coronavirus social distancing concerns, McDonalds will close its 1,300 restaurants in the UK and Ireland at 7pm today, The Hut Group: All you need to know about the Manchester-based e-commerce giant, The group began trading on the London Stock Exchange last week, JD Sports snaps up US trainer firm Shoe Palace in $325m deal, The acquisition marks the company's latest move into America, The 20 richest owners in English and Scottish football – and where they sit on the global sports stage, Between them the 20 UK club owners – a high number of them from overseas – are worth almost £60 billion, Business activity in the East Midlands goes backwards, according to NatWest survey, Most of the East Midlands – except for Rutland – is in the toughest Tier 3 of the latest national measures, WB Power Services opens nine new offices on back of "unprecedented" 2020 growth, The new premises will provide a hub for the company’s local engineering and sales team members, As London enters tier 3, what to expect in Wednesday's England tier review. Administrators from FRP confirmed on Friday afternoon that 56 EWM stores have now permanently closed along with eight Ponden Home sites. Arcadia has 444 UK stores and another 22 overseas, and more than 9,000 of its employees on currently on furlough. Edinburgh Woollen Mill adds pandemic clauses to new Bonmarché leases. The gifts and homeware retailer went into administration in mid-July. The retailer, which operates 105 showrooms in the UK, had been struggling with “adverse trading conditions” caused by the Covid-19 pandemic, according to administrators Deloitte. A statement from Duff & Phelps said the move was necessary to protect the retailer but reassured customers it was business as usual and that orders would be fulfilled. Tony Wright of administrators FRP Advisory, said: "Jaeger and Peacocks are attractive brands that have suffered the well-known challenges that many retailers face at present. High street fashion chain Edinburgh Woollen Mill, which owns Peacocks and Jaeger, is close to collapse, with 24,000 jobs in the balance. That means around 2,000 jobs are safe for now but they could be at risk if no buyer is forthcoming. The bakery chain was sold out of administration in a pre-pack deal in mid-June. According to the Centre … High street clothing chain Edinburgh Woollen Mill has gone into administration tonight (Friday) with more than 2,000 jobs at risk. ... EWM warned it would go bust … The administrators said they would now look for "one or more" buyers to secure the future of the business. Breeze Energy is the latest domestic energy supplier to go bust. You can unsubscribe at any time. Lee Longlands was founded in Birmingham in 1902 by Robert Lee and George Longland and they opened their first store at 304 Broad Street, taking advantage of its location next to the canal to bring in timber. In October, the group announced plans to close 50 stores - cutting 600 jobs - in a bid to survive. House of Fraser has confirmed that closures will go ahead but the struggle to find a buyer for the remaining ones, continues Debenhams and Peacocks among … The new owners are reportedly negotiating a deal with the landlords for the remaining 16 properties. Edinburgh Woollen Mill (EMW) and homewares retailer Ponden Home have entered administration, putting thousands of jobs at risk. Insolvency firms FRP is handling the process. Torque Brands, an outfit that recently bought shirt-maker TM Lewin, is also among the potential buyers. This service is provided on News Group Newspapers' Limited's Standard Terms and Conditions in accordance with our Privacy & Cookie Policy. The sound is around 0:13. ... Peacocks and Jaeger go into administration. That would safeguard jobs at Peacocks which employs 10,000 across the UK. The chain was sold for an undisclosed sum to hedge fund Davidson Kempner, saving 1,491 jobs. Two of the four brands in high street clothing chain Edinburgh Woollen Mill’s (EWM) stable have fallen into administration with 866 jobs gone and a further 1,821 jobs under threat. The bed retailer was put into pre-pack administration in June. A further 28 closures are planned for 2021. On December 1, JD Sports pulled out of rescue talks with the beleaguered department store chain and Debenhams confirmed a liquidation process had started, putting 12,000 jobs at risk. "We are in advanced discussions with a number of parties and working hard to secure a future for both businesses.". There are four Peacocks stores across Bristol as … The news comes after parent company Edinburgh Woollen Mill Group (EWM) failed to agree a rescue deal for the retailers... continue reading A spokesperson for Bensons for Beds said: "Bensons for Beds emerged as a standalone retailer following the restructuring deal that injected £25million of new investment which is being used to grow the business. Hotter Shoes to be put up for sale. But for many retailers closure at the busiest trading period of the year could come at a high price. All concessions and stores were closed temporarily in line with government guidance - and there are reportedly no plans to re-open them, according to Drapers. The furniture company reportedly went into administration at the end of March. Peacocks owner Edinburgh Woollen Mill goes into administration with 2,571 jobs at risk. He  is understood to be working on a pre-pack deal for Peacocks that would see the 400-store chain go through administration and be immediately sold back to him and his finance partner Davidson Kempner. "Shopping centres fared the worst among retail sites due to the higher proportion of fashion outlets, where consumer demand has been hit hardest. The company sold hearing aids and medical and orthopaedic goods in specialised stores. The high street was under pressure before the pandemic - and many retailers are now struggling to survive. Chuck Yeager, first pilot to break the sound barrier, dies at 97. KPMG was appointed as administrator and the business is expected to be liquidated, according to the CRR. It's the latest in a string of small providers that have ceased trading over the past 18months. Rent-to-own high street retailer BrightHouse went into administration in March, putting more than 2,000 jobs at risk. The book wholesaler, which was founded in a chicken shed in 1968, went into administration last week. The retailer employed around 1,000 people. All of the retailer’s 145 staff have been furloughed while the administrators seek a buyer to try and "secure jobs and get the best deal for creditors". More than 50 stores are to be closed and 600 jobs axed by the company behind Peacocks and Edinburgh Woollen Mill. News of Companies That Have Gone Bust in the UK . So far (to July 2020) of the stores' at risk', 53% or 1,424 have been closed and 43.7% of 'at risk' staff have been made redundant. Itsme (UK) LTD - Horsforth However, JD Sports said it will push forward with a major restructuring of Go Outdoors, which employs 2,400 staff, and intends to "retain the majority" of its retail stores. Analysis: Coronavirus – the devastating impact on fashion’s supply chain. On Friday afternoon that 56 EWM stores have now permanently closed along with eight Ponden Home also! 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