#retailer

11:00am, 9th April, 2019

Lenders seize UK retailer Debenhams, wiping out Ashley

Debenhams' lenders took control of the ailing British retailer on Tuesday in a process designed to keep its shops open at the expense of shareholders, including an irate Mike Ashley, who were wiped out.

PwC failed to flag BHS risks ahead of retailer's collapse - regulator

7:20am, 15th August, 2018

UK

PwC failed to flag BHS risks ahead of retailer's collapse - regulator

PwC should have flagged significant doubts over the future of BHS in an audit that was completed just days before the loss-making UK retailer was sold for a token one pound in 2015, ahead of its collapse a year later, a regulator said on Wednesday.

Collapsed UK retailer BHS pension scheme secured by $1 billion insurance buyout

7:21am, 12th August, 2018

UK

Collapsed UK retailer BHS pension scheme secured by $1 billion insurance buyout

The pensions of 9,000 employees of collapsed British department store chain BHS were secured on Sunday after a specialist insurer announced an insurance buyout of the firm's 'BHS2' scheme covering 800 million pounds of liabilities.

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Lenders seize UK retailer Debenhams, wiping out Ashley

PwC failed to flag BHS risks ahead of retailer's collapse - regulator

Collapsed UK retailer BHS pension scheme secured by $1 billion insurance buyout

After election threat, MPs begin no-deal Brexit showdown

Divers search for last bodies in California boat fire, investigations begin

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Democrats plan to probe Trump's role in hush-money payments: report