M2 Capital was reportedly unable to answer “very normal questions” about its funding position
Store closures have been put on hold while administrators weigh bids
The last-minute bid would preserve the entire 400-store estate
Doug Putnam’s deal would be better for landlords, but is unlikely to be accepted
Fewer than 200 of the retailer’s 400 stores are subject to bids
Uncertain future for 400 stores as retailer appoints administrators
Chances of Gordon Brothers sealing a deal are “relatively low”
Notice of intent to appoint administrators puts 400 stores at risk
Retailer recorded a £30m loss for the 12 months to end of January 2022
Retailer strikes 15-year deal with DHL
The GMB Union says this is “yet another nail in the high street’s coffin”
Value retailer has gone into the red after posting a pre-tax operating loss of £65m