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You can find the current article at its original source at https://www.theguardian.com/business/2019/nov/06/high-street-crisis-big-names-job-losses-store-closures
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Which big names have fallen victim to the high street crisis? | Which big names have fallen victim to the high street crisis? |
(about 1 month later) | |
Thousands of jobs have been lost and hundreds of stores closed as retail slowdown bit | Thousands of jobs have been lost and hundreds of stores closed as retail slowdown bit |
Thousands of high street jobs have been lost this year as a result of administrations and thousands more are at risk as Mothercare, Debenhams and Forever 21 prepare for closures. Among the big high street names affected are: | Thousands of high street jobs have been lost this year as a result of administrations and thousands more are at risk as Mothercare, Debenhams and Forever 21 prepare for closures. Among the big high street names affected are: |
December | |
Camera retailer Jessops called in administrators to its property arm, putting 500 jobs at risk. | |
November | |
Mamas & Papas fell into administration and was immediately bought back by other firms controlled by Bluegem Capital, its private equity owner. Six shops are closing with the loss of nearly 130 jobs. | |
Mothercare announced it is to close all 79 UK stores, putting 2,500 retail jobs at risk after collapsing into administration. | |
October | |
Regis, the owner of Supercuts hair salons, went into administration, putting 220 salons and 1,200 staff at risk. | |
Bonmarché had 318 stores and 2,887 employees when it collapsed. The fashion chain is still trading and is set be rescued by Peacocks, which was named by administrators as the preferred bidder in late November, but at least 30 Bonmarché stores are to close with the loss of 240 jobs. | |
Scottish department store chain Watt Brothers had 11 stores and 306 employees when it went into administration. All the stores have closed and the majority of staff have lost their jobs. | |
With 35 stores and 350 staff, jewellery chain Links of London went into administration but its sites are still trading to clear stock, while a buyer is sought. | |
September | |
Forever 21 had three stores and about 290 employees in the UK when it went into administration. Stores are open to clear stock. | |
Pawnbroker chain Albemarle & Bond suddenly shut its 116 stores with the loss of about 400 jobs, even though it did not call in administrators. Albemarle sold its pledge books to rival H&T. | |
August | |
Karen Millen and Coast had 32 stores and 177 concessions, employing 1,100 people, when it went into administration. All sites were closed and the vast majority of staff made redundant. The online brands were bought out by Boohoo.com. | |
Jack Wills had about 100 stores and 1,700 staff in the UK when it went into administration. It was bought by Sports Direct and 98 stores are still trading in the UK and Ireland. | |
Spudulike closed all 37 stores with the loss of about 300 jobs when it entered administration. | |
June | |
Bathstore had 132 stores and 529 staff when it went into administration in June. Homebase bought 44 stores, saving 154 jobs. The brand now trades from 28 stores. | |
May | |
Fashion retailer Select had 180 stores and 2,000 employees when it went into administration. In June, administrators carried out an insolvency procedure called a company voluntary arrangement (CVA) to close 11 stores with the loss of about 200 jobs. | |
April | |
Debenhams had 166 stores and more than 25,000 employees when went into administration in April. No stores closed immediately and the chain is now owned by its lenders, but two will close before Christmas and another 20 in January when the group completes a restructure expected to result in the loss of 1,200 jobs. | |
March | |
Pretty Green had 12 stores and about 170 employees when Liam Gallagher’s fashion outlet went into administration in March. All but one store and 33 concessions closed with 100 jobs lost, but 67 roles were saved when the brand was bought by JD Sports in April. | |
All 94 Office Outlet stores closed with the loss of 1,170 jobs after the stationery retailer went into administration. | |
LK Bennett had 41 stores and 500 employees when it entered administration . The brand was bought by its Chinese franchise partner, Rebecca Feng, saving 21 stores, all of the group’s concessions and 325 jobs. But more than 100 jobs were lost with the closure of 15 stores. | |
January | |
Patisserie Valerie had 200 cafes employing nearly 3,000 people when an accounting scandal prompted the chain to call in administrators in January. About 70 of the group’s 200 stores closed immediately with the loss of 900 jobs. | |
About 2,000 jobs were saved when about 100 Patisserie Valerie cafes were rescued by Causeway Capital, although more than 20 of these have since closed. Twenty-one Philpotts sandwich shops were bought by AF Blakemore & Son and four Baker & Spice cafes were bought by the Department of Coffee & Social Affairs. | About 2,000 jobs were saved when about 100 Patisserie Valerie cafes were rescued by Causeway Capital, although more than 20 of these have since closed. Twenty-one Philpotts sandwich shops were bought by AF Blakemore & Son and four Baker & Spice cafes were bought by the Department of Coffee & Social Affairs. |