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ARTICLE · 19 MARCH 2024

Scooping Up The Essentials

According to recent data from Begbies Traynor almost 4,500 UK retailers are now in ‘critical financial distress', supporting the view that the cost of living crisis is having a significant impact...

United KingdomCorporate/Commercial Law

We have previously touched on high street brands where the IP has been acquired, but not necessarily the stores and revisit with some of the business movements ongoing recently.

According to recent data from Begbies Traynor1 almost 4,500 UK retailers are now in 'critical financial distress', supporting the view that the cost of living crisis is having a significant impact on a number of businesses, including the retail industry. On the back of global pandemics and international conflicts, consumers have less disposable income, there is rising inflation and operating costs. There has been a significant number of businesses being sold, reorganised or in administration. We look at some of the examples below:

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