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Forever 21's UK stores to launch major £30m stock clearance sale
Damian Webb

24 October 2019

Administrators from RSM have confirmed that Forever 21's three UK stores will immediately commence a major £30m stock clearance sale.

What makes a good CVA and why it works
Damian Webb

22 October 2019

In the current uncertain economic and political climate trading has become increasingly challenging. Many retailers and restaurant operators have implemented CVAs as a means of addressing their long-term structural issues, notably over-rented extensive property portfolios. RSM’s Retail Restructuring team share their thoughts on successful CVAs.

RSM advises on Thai Leisure Group's successful CVA
Damian Webb

04 October 2019

Thai Leisure Group has had its proposed Company Voluntary Arrangement (“CVA”) approved by its creditors at a meeting today.

RSM advises on Abokado's successful CVA
Damian Webb

26 September 2019

Restructuring experts from RSM have advised healthy eating chain Abokado on a Company Voluntary Arrangement (CVA) which has been voted through by 99 per cent of its creditors.

Pod restaurant chain sold to Azzurri Group
Damian Webb

24 June 2019

Pod Food Limited has been sold to Azzurri Group, owner of the ASK Italian, Zizzi, Coco di Mama and Radio Alice brands.

Peer to peer lender enters administration
Damian Webb

24 May 2019

Damian Webb, Phillip Sykes and Mark Wilson of RSM Restructuring Advisory LLP were today (24 May) appointed joint administrators of three companies within the Lendy Group, operators of a peer to peer secured property lending platform.

Yorkshire-based development company goes into administration
Damian Webb

15 April 2019

Jamie Miller and Damian Webb of RSM Restructuring Advisory LLP were appointed Joint Administrators of both Mederco Block A Limited and Mederco (Huddersfield) Limited (the Companies) on 28 March 2019.

Winds of Change - is retailing as we know it over?
Damian Webb

07 March 2019

Imagine a business model in which you broadly break even for most of the year and rely on one six-week window in which you make most of your profits. That doesn’t sound so appealing to an investor, does it? Welcome to the world of retail.

When the tide goes out
Damian Webb

01 March 2019

In 2008 and thereafter it was the world’s Bank’s who faced significant impairments and losses as a result of their prior irresponsible lending. This necessitated global government intervention to support the banking sector to prevent the failure of leading institutions. A condition of this government support was increased regulation and actions to prevent 'irresponsible' lending by Banks.

No peer to peer applications rejected by the FCA but majority are withdrawn
Damian Webb

30 August 2018

A recently published freedom of information response has revealed that since the FCA took on regulatory responsibility for peer to peer (P2P) lenders in 2014, no applications for authorisation have been rejected outright, but over 80 per cent of applications have been withdrawn.

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