The collapse of City Link, the courier firm, on Christmas Eve leaving 2, employees and 1, self-employed couriers without jobs caused widespread surprise. There are nine stores and 26 staff. The company ran out of cash over Christmas and therefore was required to cease trading. The UK operations are of course unaffected. Zatchels, a satchel and bag manufacturer and retailer based in Leicester, went into administration on the last day of July and was bought out by its two founders. As far as we know, all the 20 forthcoming festivals have been abandoned.
The RTA Gt Ryburgh Fakenham factory dismissed employees on the first day of administration, leaving only a skeleton staff to maintain operations. West Country Pasty Company, the supplier and retailer of pasties and snacks, went into administration in April, but was bought by Enact a fund one day later. Henry's tea room has also closed, but the design and print business will continue. Dick Smith, Australia's largest electronics retailer, went into volountary administration in January only two years after listing on Australia's stock exchange. It has 20 UK stores and 15 in Germany. The essay below is the conclusion of the ninth part in a series by Takuan Seiyo. Brantano's online business stopped trading a few days after going into administration. Other Gap stores in the UK are unaffected though rationalisation is occurring in other parts of the business. Cadogan and Co, upmarket fashion store in Winchester for 20 years, went into administration in July, presumably sharing the malaise common to fashion in the last three years, and closed down in August. Reasons given included the decline of the high street, the growth of online retail, the fall in postal communications and increased expenses including rates. I am interested in obtaining a full compliment of literature for this one as well. Normally a business would wait till after Christmas before going into administration, but the results must have been so poor that there was little choice. Eleven stores have been closed and 78 staff made redundant, leaving Joy with 19 stores and employees. There are direct staff working in the headquarters and the warehouse, plus 5, self-employed salespeople. In the past it has provided support for the American and European arms of Toys 'R' Us, but it is now legally unable to retrieve any of its funds from the U. Some landlords have put in bailiffs once or twice to get their rent paid. Conviviality also owned Matthew Clark and Bibendum, distribution chains that supplied more than 23, public houses and the JD Wetherspoon chain. The company was bought out of administration by the managers, saving seven jobs. La Senza, the lingerie retailer with 55 stores, has gone into administration for the second time in two years. It is understood that this will enable Blue Inc to give up the leases on and thereby close stores, losing jobs, and buy back the remainder it wishes to keep trading. McEwan's employed staff when it went into administration. Ultra Furniture based in Kingswinford near Dudley, has gone into administration with employees. The list of creditors will be very long, including landlords, suppliers, staff, and banks. Prelude Records, a long-established store in St Giles, Norwich, specialising in classical music and jazz, is to close in March as a result of higher costs and the changes in the record industry. The company had been in difficulties for more than a year.
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