Homebase has entered administration, jeopardizing 2,000 jobs as owner Hilco failed to secure a buyer for the struggling retailer. While CDS Superstores is acquiring up to 70 stores and the Homebase brand—protecting around 1,600 positions—49 stores remain unsold. Chief executive…
The High Court has appointed provisional liquidators to HHGL (ROI) Limited, owner of Homebase stores in Ireland, while the retailer continues to operate under provisional status. Teneo Financial Advisory’s Damien Murran and Enda Lowry have been tasked with exploring options…
Homebase has entered administration, endangering 2,000 jobs as its owner, Hilco, failed to secure a buyer. Nonetheless, homeware retailer The Range has stepped in to acquire up to 75 Homebase stores and the brand itself, preserving approximately 1,600 jobs. However,…
Blokker, a well-known Dutch retail chain founded in 1896, has declared bankruptcy after a decade of financial struggles. While its closure seems imminent, potential scenarios include a sale of the chain or partial continuation under its parent company, Mirage. Experts…
Postbank has introduced a new service allowing customers to withdraw up to €1,000 at supermarket checkouts across Germany. This ‘Cashback’ service, available in 12,500 stores including major chains like Rewe and Penny, facilitates cash withdrawals through barcode generation via the…
The Entertainer toy shop chain has canceled plans to open two new stores following the government’s recent increase in National Insurance (NI) contributions for employers. The NI rate will rise from 13.8% to 15% next April, with the threshold for…
The French children’s clothing brands Du Pareil Au Même, Sergent Major, and Natalys have been partially saved from liquidation following a judicial rescue plan. Their parent company, Générale pour l’Enfant, faced challenges due to the COVID-19 pandemic, inflation, and social…
UK retailers, including Sainsbury’s and Marks & Spencer, are preparing for potential price increases as employer National Insurance rates rise following last week’s Budget. Starting in April, the NI rate will jump from 13.8% to 15%, impacting significantly on businesses’…
German retailers are cautiously optimistic about this year’s Christmas season, forecasting average spending of €297 per person on gifts, slightly up from last year. The Handelsverband Deutschland (HDE) estimates a total industry revenue of €121.4 billion for November and December….
A House of Lords inquiry has highlighted alarming levels of shoplifting, with police reporting over 440,000 incidents last year—though actual estimates suggest around 17 million annually. The committee, labeling the crime as ‘unacceptable,’ urges immediate actions including improved reporting systems,…
Auchan, the retail giant owned by the Mulliez family, has announced plans to eliminate 2,389 jobs as part of a significant social plan following years of economic difficulties. In the first half of 2024, the company reported a record loss…
Associated British Foods, the owner of Primark, announced a remarkable 43% increase in profits before tax, totaling £1.9 billion for the year ending September 14. Despite a wet summer impacting swimwear and seasonal clothing sales, overall sales in the UK…
