Teen fashion parent in administration
The owner of a teen fashion retailer has filed for administration after a slow year and particularly difficult Christmas.
The owner of a teen fashion retailer has filed for administration after a slow year and particularly difficult Christmas.
Link: For more business recovery news
RSM Robson Rhodes partners, Simon Bower and Mike Oldham, were appointed administrators to Margaux Fashions Limited, owner of Paragon, the young ladies and teen fashion retailer.
Margaux Fashions, which was formed ten years ago, entered administration on 22 January 2003. When it was first began operating, it supplied retail traders, but subsequently it began selling merchandise through 21 in-store concessions, before finally opening ten of its own stores nationwide.
Simon Bower said: ‘Margaux’s difficulties can be attributed to a slow year and particularly poor Christmas which affected their target market of 13 – 29 year olds. We will continue to operate the viable outlets whilst a buyer is sought.
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceInsolvency statistics in the UK for the second quarter of 2023 were the highest since 2009 with 83% of them relating to small businesses Read More...
View articleThere were 6,342 recorded company insolvencies in Q2, reflecting a 9% increase compared to the number of insolvencies in Q1, and a 13% increase compar...
View articleThe survey paints a “brightening” picture of the global economy, according to the ACCA Read More...
View articleThe pandemic may have “distorted” some economic data Read More...
View articleAdvisory firms must offer a “more supportive” and holistic approach to clients amid the economic downturn Read More...
View articleHaving a clear plan and clean data to help optimise the use of scarce resources will be key for businesses Read More...
View articleThe Coronavirus Job Retention Scheme has supported millions of jobs amid the pandemic, but with the support measure set to end in September, how can a...
View articleShift from BBL debt to equity could pose wider business implications Read More...
View article