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Re: High Street chain collapse sweepstake

Posted: Mon 10 Feb, 2020 09.00
by Charlie Wells
The administrators of Beales have announced that over half of their stores (12 out of 23) are to close. Closures include Bournemouth, which was their flagship store.

Locally Bedford high street is set to look fairly empty, with the Beales set to close, M&S closing their store last year, and most of the old BHS unit still empty. Probably good news for the Debenhams branch though which for now at least remains open.

Re: High Street chain collapse sweepstake

Posted: Mon 10 Feb, 2020 10.07
by WillPS
Almost like Mike Ashley has identified the ones he might be interested in.

Re: High Street chain collapse sweepstake

Posted: Fri 06 Mar, 2020 13.42
by thegeek
gottago wrote:
Sun 29 Dec, 2019 11.29
thegeek wrote:
Sun 29 Dec, 2019 10.16
Pete wrote:
Sat 28 Dec, 2019 18.54


One wonders if this is a rent issue. The question is what happens with their other outlets in Westfield?
It is a huge unit. I wonder what'll fill it, and if they're downsizing or pulling out completely.
Arcadia's only other unit there is a combined Dorothy Perkins/Burton.
I asked at the till and she said the plan was to downsize to the old Missguided unit originally but it was decided they'd pull out completely.
Well, whaddaya know - they're moving in to the old Missguided unit. Opens at the end of this month.

I'm surprised Westfield have been so slow to put hoardings over the closed store - usually they'd be in there pretty sharpish to conceal any empty units.

Image

Re: High Street chain collapse sweepstake

Posted: Fri 06 Mar, 2020 13.47
by thegeek
GeekyJames wrote:
Tue 14 Jan, 2020 22.27
well luckily the government has given Flyebe a lifeline - https://www.bbc.co.uk/news/business-51113895
That went well, then.

There were a few interesting tweets on Wednesday night, when it was all going to pot. I wonder how much in the way of unpaid landing fees justifies you impounding a plane?

Re: High Street chain collapse sweepstake

Posted: Tue 17 Mar, 2020 08.39
by JAS84
All standalone Carphone Warehouse stores closing. Branches within Currys PC World stay open.
https://www.bbc.co.uk/news/business-51923295

Re: High Street chain collapse sweepstake

Posted: Tue 17 Mar, 2020 10.56
by bilky asko
And now Laura Ashley has entered administration - coronavirus has been blamed for cutting short rescue talks.

Re: High Street chain collapse sweepstake

Posted: Tue 17 Mar, 2020 12.35
by WillPS
All cinemas (it seems) closing in the next 24 hours. Odeon already closed. Cineworld thought to be at risk of defaulting on their loans.

Re: High Street chain collapse sweepstake

Posted: Tue 17 Mar, 2020 19.02
by Martin Phillp
WillPS wrote:
Tue 17 Mar, 2020 12.35
All cinemas (it seems) closing in the next 24 hours. Odeon already closed. Cineworld thought to be at risk of defaulting on their loans.
Which would be bad news for Picturehouse, which have rejuvenated old buildings into cinemas, including my area. They close tomorrow until further notice.

Re: High Street chain collapse sweepstake

Posted: Thu 26 Mar, 2020 20.11
by WillPS
Most Chiquito restaurants will not reopen:
https://uk.finance.yahoo.com/news/chiqu ... 32909.html

Re: High Street chain collapse sweepstake

Posted: Fri 27 Mar, 2020 16.12
by Martin Phillp
Looks like Brighthouse is about to fall in administration.

https://www.bbc.co.uk/news/business-52066303

Re: High Street chain collapse sweepstake

Posted: Sat 28 Mar, 2020 11.59
by WillPS
Carluccio's next:
https://www.theguardian.com/world/2020/ ... s-shutdown

Not a massive surprise. I'd presumed Frankie & Benny's would be up against it too but I'm guessing since The Restaurant Group have done their announcement I guess they're safe for now.

I think we could see banks foreclosing on a number of heavily debt laden firms shortly, Intu and Pizza Express spring to mind.