Administration
- BusinessYahoo Life UK
As Orla Kiely announces its closure, we chart other British labels that haven’t stood the test of time
Today, news broke that British fashion and homeware label Orla Kiely announced it’s ceasing trading, closing its stores and website.
- BusinessAOL
Dozens of Budgens stores to close
Thirty-four Budgens stores around the country are closing, with the loss of more than 800 jobs. Food Retailer Operations Limited bought the stores from the Co-op on July last year, converting them from Somerfield stores. It said at the time that
2-min read - BusinessAOL
British sports car maker Zenos goes into administration
British sports car manufacturer Zenos Cars has gone into administration. The company, which was formed in 2012 by a group of former Lotus employees, said that order numbers had fallen recently, and blamed a number of cancelled export orders at
- BusinessAOL
What does BHS administration mean for you?
While the biggest victims of BHS's move into administration are clearly the company's staff, it could have repercussions for shoppers too. The firm's website and 164 stores are still open, but many shoppers will no doubt be wary
2-min read - BusinessAOL
Taxpayers lost £75m in Phones 4U collapse
Taxpayers will take a £75 million hit from the collapse of Phones 4U, with just a tiny fraction of the money they are owed set to be paid, administrators said today. The sum had been due to HM Revenue and Customs (HMRC) for VAT and corporation
1-min read - SportAOL
Caterham F1 team goes into administration
Ivan Sekretarev/AP The Caterham F1 team – previously known as Lotus Racing – has appointed administrators after five years competing in the top-tier of motorsport without gaining a single
- BusinessAOL
Phones 4u to axe 1,700 staff
Beleaguered mobile phone retailer Phones 4u is to close 362 stores, with the loss of nearly 1,700 jobs, administrators have said. A further 720 staff have been retained to assist with the closure programme, PwC said. It comes after Phones 4u
2-min read
