24 October 2019
Administrators from RSM have confirmed that Forever 21's three UK stores will immediately commence a major £30m stock clearance sale.
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.
04 October 2019
Thai Leisure Group has had its proposed Company Voluntary Arrangement (“CVA”) approved by its creditors at a meeting today.
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.
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.
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.
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in 2014, no applications for authorisation have been rejected outright, but over 80 per cent of applications have been withdrawn.