Smith & Williamson has appointed retail expert Barry Knight into its
restructuring division, as it looks to win work following fallout from the
Knight, who has worked for 18 years in retail restructuring including stints
at Littlewoods, Burtons, Selfridges and Mytravel, said retail had inefficiencies
masked by a benign economy, but the credit crunch, falling house prices and
inflation in supplier countries would see retailers face ‘testing issues’.
‘The retail sector has been operating in a benign environment for some years
and this has masked inefficiencies,’ said Knight.
‘There are many retail businesses who are fundamentally sound and can be
turned around. It is a question of facing up to and addressing the issues at an
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children