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Trade Creditors Deserve a Voice in Insolvencies

Businesses fail during recessions. That's inevitable. But creditors deserve protection from firms that walk away from debts and immediately restart. There are now two alternatives to a conventional winding up -- the creditors' voluntary arrangement or CVA and the pre-packed administration. Both allow unprofitable parts of the...

Tags: Voice, Creditor, CVA, Barratts, Pre-packs, Channel Management, Workforce Management, Asset Management, Marketing, Human Resources, Operational Planning, Business Operations, Richard Northedge

Blog posts 2009-09-08

Additional Resources

JJB and Stylo poised to shed 3,000 jobs

More than 3,000 retail jobs were put on the line yesterday, after administrators to the Barratts and Priceless shoe chains and the sportswear retailer JJB separately said that 300 stores could close. KPMG was appointed administrator to JJB's shoe chains, Original Shoe Company and Qubefootwear, which together have...

Tags: Stylo Plc.

Research articles 2009-02-20

Stylo down at heel after festive slump

STYLO, THE shoe retailer that owns the high street favourite Shellys, blamed poor Christmas trading yesterday for a profit warning that knocked 4 per cent off its share price. The warning came as it emerged that Jack Petchey, the septuagenarian property mogul, had acquired a 5 per...

Tags: Stylo Plc.

Research articles 2004-02-18

Stylo losses up by 75 per cent

Business News IN BRIEF *The shoe retailer Stylo said yesterday that its annual losses leapt 75 per cent last year and warned trading would remain under pressure from soaring costs and a squeeze on shoppers. The group, which operates Barratts and PriceLess, posted a pre-tax loss of 12.5m...

Tags: Stylo Plc.

Research articles 2008-05-28

JJB wins stay of execution as Stylo folds

JJB granted debt payment extension, but Stylo's CVA is rejected by landlords The ailing sportswear and equipment retailer JJB Sports won an eleventh-hour reprieve from its banks yesterday, but the owner of the shoe chain Barratts is to appoint an administrator, putting thousands of jobs at...

Tags: JJB Sports Plc., Stylo Plc.

Research articles 2009-02-14

STOCKISTS

Accessorize 0870 412 9000 Ailima 01352 756 622 Andrew Collinge at Boots Aristoc 01773 525 520 Aromatherapy Associates 020 7371 9878 Au Courant 0870 242 3367 Avon 0845 601 4040 Barratts 01274 893 845 Botanics at Boots Boots 0845 070 8090 Burt's Bees at Harvey Nichols 020 7235 5000 Clara...

Tags: Burt's Bees, Crabtree & Evelyn Ltd.

Research articles 2004-03-21