Breeze Energy goes bust. The brutal 2020 retail bloodbath has well and truly begun, with 161 popular Australian bricks-and-mortar stores already earmarked for closure just one fortnight into the new year. Peacocks Stores Limited (In Administration) The Joint Administrators act as agents of the Company and without personal liability. Judges disagreed. The company sold hearing aids and medical and orthopaedic goods in specialised stores. The company behind Oasis and Warehouse went into administration in April. But which UK stores have already gone into administration in 2020? High street clothing chain Edinburgh Woollen Mill, which also owns Peacocks and Jaeger, has been granted a further ten working days to speak to potential buyers and work on a rescue plan. Rent-to-own high street retailer BrightHouse went into administration in March, putting more than 2,000 jobs at risk. The company’s seven stores, which include branches in London's Mayfair, Leadenhall Market and Covent Garden, as well as outlets in Leeds and Manchester, will remain permanently closed. Alistair Wardell and Richard Lewis were appointed to oversee the winding up of the company, according to Access and Mobility Professional. As part of the agreement, the retailer had to close 22 stores in January 2020. As coronavirus restrictions begin to ease in many countries - including the UK - the travel industry is taking stock of the economic damage done by the pandemic. Peacocks has over 550 stores and employs over 10,000 people so this would be the most significant company collapse since Christmas. High street clothing chain Edinburgh Woollen Mill (EWM), which also owns Peacocks and Jaeger, has been granted a further 10 working days to speak … Comcast has projected it will invest $2 billion into Peacock over 2020 and 2021. To sign up for Business Live's daily newsletters click here. According to a report by The Telegraph, accountancy firm BDO was attempting to find a buyer after the firms’ turnover reportedly dropped from £70million in 2018 to £43million. When you subscribe we will use the information you provide to send you these newsletters. The company owns a number of major brands including Topshop, Dorothy Perkins, Burton and Miss Selfridge. It said there would be no immediate redundancies. ... EWM warned it would go bust … The retail group hired administrators from corporate finance firm Deloitte after it saw sales hammered by the coronavirus crisis. Mr Simon will try to renegotiate with landlords to get a better deal on the remaining 162 store leases. The sector has been in decline for some years, but the pandemic has accelerated the downturn and many once-thriving retailers are now struggling to survive. “With a second wave of the pandemic underway, we have seen a record increase in the number of shuttered shops," said Helen Dickinson, chief executive of the British Retail Consortium. The affairs, business and property of the Company are being managed by Tony Wright and Alastair Massey who were appointed Joint Administrators on 19 November 2020. The fashion chain announced today (June 10) it expects to cut 545 jobs from the business despite founder Peter Simon buying the chain out of administration almost immediately. RSM Restructuring Advisory, which has been appointed to handle the administration, said all of Bonmarche's 225 stores will remain open and there are no redundancies yet as it looks to agree a rescue deal. The firm has stores in locations across the country, including in Southport and Wolverhampton. The bricks-and-mortar retail arm of the prestige shoe company Oliver Sweeney Group was placed in administration in mid-July, according to the CRR. LHR Holding owns 18 TJ Hughes-branded department stores nationally, as well as tjhughes.co.uk, and they were not affected. Speaking in April, Hash Ladha, chief executive of Oasis Warehouse, said: “This is a situation that none of us could have predicted a month ago, and comes as shocking and difficult news for all of us. Tim Cooper, Oliver Sweeney's chief executive and cobbler-in-chief, will continue to lead the company. Clothing retailer Peacocks has gone into administration, it has been confirmed. The retailer employed around 1,000 people. Leeds businesses that have gone into liquidation. The Government-enforced closure has peacocks gone bust 2020 stores will continue to seek buyers for the northern lights has gone bust pseudonymous. 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