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Children’s chain Mamas & Papas collapses into administration

Mothercare has become the latest UK retailer to feel the pressure of the recent downturn affecting the high street. 

Uncertainty among consumers and a drive towards online shopping has put pressure on Mothercare as well as lot of its neighbouring retailers.

According to auditing giant KPMG, 44 retail businesses entered administration in just the six months to September, including a number of high street stalwarts.

Here are some of the key retailers which have gone bust or entered administration in the recent months and years:

-Mamas & Papas

Mamas & Papas collapsed into administration today with six store closures, just days after rival Mothercare went bust. The retailer has made 73 staff redundant with immediate effect and has put 54 further jobs at risk within its head office.

 

-Mothercare

Mothercare collapsed this week, leading to the closure of its 79 stores and loss of 2,800 jobs. Bosses blamed the high street’s ‘near existential problem’ for the firm’s demise.

 

-LK Bennett

The fashion retailer was bought from administration in a rescue deal in April, but said it would close 10 stores with the loss of 110 jobs after a downturn in performance.

-Jack Wills

Jack Wills collapsed into administration in August before it was snapped up by retail tycoon Mike Ashley.

-Karen Millen and Coast

All Karen Millen and Coast’s 32 UK stores were closed in September after it slid into administration, although its online brand was saved by Boohoo.

-Patisserie Valerie

Patisserie Valerie went into administration in January before being rescued after an equity fund agreed to acquire the café chain, saving about 2,000 jobs. The buyers intend to keep open 96 stores across the UK.

-Jamie’s 

All but three of Jamie Oliver’s 25 UK restaurants closed in May after it went into administration with the loss of 1,000 jobs. 

-Byron 

Up to 20 Byron outlets closed in a rescue plan for the burger chain, it announced in January when it had about 1,800 staff employed. 

-Links of London

The jewellery retailer is in the midst of an administration after a tumultuous spell under the ownership of Greek business Folli Follie, leaving its 35 stores and 350 jobs at risk.

-Supercuts/Regis

High street hairdressing chains Supercuts and Regis, which have 223 salons in total, are under threat after their owner fell into administration.

-Bonmarche

The value retailer fell into administration last month, raising fears over the future of its 318 shops and 2,900 staff. It is currently searching for a buyer.

-Bathstore

Bathstore fell into administration in June, but 44 of the company’s stores were saved in a rescue deal with Homebase.

-Select

The fashion retailer fell into administration in May, before launching a CVA restructuring plan in June.

-Thomas Cook

The travel business was the most notable failure of the high street, collapsing with 800 stores, although 555 of these were saved by rival Hays Travel.

-Oddbins

The wine specialist closed a raft of stores after it fell into administration in February, the second time it had collapsed in around eight years.

-Debenhams

The department store chain entered administration in April as it sought to reduce its debt and start a major restructuring process, which would result in store closures.

-Toys R’ Us

The UK’s largest toy shop went into administration in February 2018, leading to an estimated 2,000 redundancies.

-House of Fraser

The department store chain was on the verge of heading into administration but was rescued at the eleventh hour by Sports Direct owner Mike Ashley.

Maplin

The electronics giant has gone bust, closing shops across the country and putting thousands of jobs at risk.

-Poundworld

Poundworld announced it was going into administration in June 2018 after talks with potential buyer R Capital broke down, putting 5,100 jobs at risk.

-Homebase

The DIY chain set to close 42 DIY outlets shut, putting around 1,500 jobs at risk. 

Orla Kiely

Orla Kiely, the Irish fashion retailer collapsed in September and closed all its stores after a slump in profits.

-HMV

Last December HMV entered into administration with its flagship London Oxford Street having closed earlier this year.

-Pretty Green

In March, Liam Gallagher’s Pretty Green filed a notice of intention to appoint Moorfields Advisory to handle insolvency problems across its UK stores. At the beginning of April 2019 JD Sports purchased the company, saving around 70 jobs.

-Carpetright

The carpet retailer is closing 92 stores across the UK. These closures represent nearly a quarter of all UK Carpetright stores. 

Read more at DailyMail.co.uk


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