AlixPartners to manage insolvency process for discount retailer
1 report, 1 independent
Updated Thu 00:00
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What happened
AlixPartners is poised to take over an insolvency process for a discount retailer that filed a notice to appoint administrators with the High Court. The retailer, which was bought by a US private equity group, has ten days to find a rescue deal. The brand and its 600 shops will be carved up, rather than sold as a whole.
From dailymail.com
Why it matters
The situation could mark the biggest high street collapse since 2008, with job losses being a risk. Job losses could potentially affect 600 shops and a distribution center that employs around 270 people.
From dailymail.com
Who's involved
- AlixPartnersAmerican consulting firm poised to manage the insolvency process
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The entities involved
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AlixPartners
American consulting firm
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