Virgin Australia has gone into voluntary administration, putting 16,000 jobs under threat. The airline will be managed by accountants from Deloitte while it restructures and looks for a buyer. There are fears the restructure will involve scrapping less profitable routes, particularly to regional areas, meaning Qantas will be the only provider and can push up … Read more
Virgin Australia ‘collapses into voluntary administration after crisis talks failed to save the embattled airline’ – leaving 16,000 employees in limbo Virgin’s board is reported to have put the airline into voluntary administration The airline would not confirm or deny the claim on Monday evening 16,000 jobs at risk however the airline could continue trading … Read more
Virgin Australia ‘sensationally collapses into voluntary administration after failing crisis talks failed to save the embattled airline’ – leaving 16,000 employees in limbo Virgin’s board is reported to have put the airline into voluntary administration The airline would not confirm or deny the claim on Monday evening 16,000 jobs at risk however the airline could … Read more
Debenhams has confirmed the closure of seven stores with the loss of 422 jobs after it slid into administration last week. The department store firm said it has agreed terms with landlords to continue trading at 120 of its 142 UK stores. It is understood the group is in ongoing talks over the remaining stores … Read more
High-street fashion chains Oasis and Warehouse have collapsed into administration, putting 2,000 workers at risk across 92 branches and 437 concessions. The chains are expected to appoint auditor Deloitte to run their administration after coronavirus lockdown forced them to shut their 90 UK stores. The brands, which are owned by the failed Icelandic bank Kaupthing, … Read more
High Street chains Oasis and Warehouse on brink of administration – putting 2,300 jobs at risk By Daily Mail City & Finance Reporter Published: 22:46 BST, 14 April 2020 | Updated: 23:08 BST, 14 April 2020 Fashion sellers Oasis and Warehouse were on the brink of administration last night – putting 2,300 jobs at risk. … Read more
Women’s fashion chains Oasis and Warehouse were today preparing to slide into administration with 2,300 jobs now at risk during the coronavirus pandemic. The chains are expected to appoint auditor Deloitte by tomorrow at the latest to run their administration after the lockdown forced them to shut their 90 UK stores. The company, which is … Read more
High street retailer has announced it is going in to administration, putting thousands of jobs at risk. Around 22,000 jobs could be lost as the fashion brand blames the ‘unprecedented circumstances’ of the coronavirus crisis on a sharp downturn in trade. News that the store could go into administration was first announced on Monday, now … Read more
The nuclear option, Championship club owners are calling it. In essence, it is evidence of their increasing despair over the impasse around player wages. Owners and chief executives in the second tier of English football have had conversations about a process known as group administration, the last desperate act to avoid ruin, if no common … Read more
Debenhams began as a draper business at 44 Wigmore Street in London 1778. Initially founded by William Clark, William Debenham became a partner in the business in 1813 and changed the name to Clark & Debenham. The business grew, opening branches in Cheltenham and Harrogate, before Clark retired in 1837 and it became Debenham, Pooley … Read more