… Back in November 2019, Mothercare announced the closure of all of its 79 stores across the UK, putting 2,800 jobs at risk. "It is wise for companies to take a slow and steady approach to restarting operations that allows for flexibility, so they can react to continued uncertainty for some time to come.". March. "In 2019, fashion retailers, restaurants, estate agents and pubs had been reporting declines for the majority of the year; the uncertainty surrounding Brexit didn’t help. Stage Stores. Corporate recovery specialist Leonard Curtis was later appointed as the administrator after Soak.com failed to find a buyer. The dining chain, which was founded by Antonio Carluccio in 1991, confirmed the news on Monday. You can unsubscribe at any time. ', Older pupils in Wales will return to school ‘part-time’, First Minister Mark Drakeford says, It's news that many parents will not want to hear, Shocking moment boy is swept into the sea by powerful wave as he cycles on Porthcawl beach, The RNLI has issued a warning about the dangers of getting to close to the water in bad weather, Schools are going to start returning in Wales - here are the details, The first school classes will be resuming on February 22 and teachers will get twice weekly tests, Foreign holidays may be allowed from May with Covid passports, The Government is reported to be working with foreign nations, The eerily silent pitch, dry beer taps and empty chairs and tables in the Leigh Halfpenny rugby club bar where no-one comes anymore, The start of the Six Nations would normally mean a buzz and excitement at Gorseinon RFC - but this is rugby in the age of Covid, Every Six Nations result predicted as Wales suffer double heartbreak and England win Grand Slam, QBE have crunched the numbers and simulated the tournament 10,000 times to find that Wales only have a 13% chance of winning the title, What became of 'Gurkha', the fearless cult hero they put in jail after the Battle of Brive, Pontypridd RFC hooker Phil John was hugely popular with the Sardis Road faithful and one of the finest rugby players never to be capped by Wales, Bradley Walsh left speechless as The Chase contestant makes shock confession, Bradley was left stunned when it was revealed contestant Cliff has appeared on a rival quiz show, Sage scientists warn total relaxation of Covid rules by September would be dangerous, They say it would lead to 'significant further disease', The average looking semi that's the most viewed home in all of Wales, The property in Sketty, Swansea, is also the third most viewed online in the whole of the UK, Education Minister Kirsty Williams details the plan for schools to start again, Details of the return of the youngest children to school from February 22 will be outlined, Man who went missing same day as partner's 'tragic' death is found dead himself, Police have confirmed that neither death is being treated as suspicious, Bristol prisoners sent to HMP Cardiff despite 'concerning' Covid strain across the border, A potentially more infectious strain of the virus is being investigated in Bristol, Harry Baker murder trial updates as defence cases due to continue, 'Fun-loving son and brother' Harry Baker, 17, from Rumney in Cardiff, was allegedly murdered in Barry in August 2019 having been stabbed. So far in 2020, two locations in Kentucky have gone out of business. Data gathered by the Centre of Retail Research (CRR) shows that 2020 has already seen more than 20 big-name brands slump into administration – putting more than 33,500 jobs and 1,100 stores at risk. The husband and wife who started a multi-million pound company from their garage, Character.com has been named one of the top 100 fastest growing companies in the UK and made £27.8 in sales last year, Martin Lewis shares easy car insurance rule that could save you hundreds, The money saving expert reveals which day you should look for car insurance quotes, Family-run business risks losing £50,000 worth of shellfish after Brexit delays at French border, Nerys Edwards said she was exhausted by the stress of waiting for £50,000-worth of shellfish to be given the green light to enter the EU, Developer Enzo's Homes now wants to sell the land where it was planning to build a new housing estate in Glynneath, Neath Port Talbot Council recently stopped work on the site after Enzo's Homes allegedly breached planning conditions, The story behind the Welsh firm which was named one of the UK's top 100 financial advisers, Despite the effects of this year, Portfolio Financial Consultancy has continued to grow from strength to strength, 'The day has arrived' Young dad looking forward to his wedding dies after posting heart-breaking picture outside hospital, Swansea City fan Mitchell Powell had tweeted a picture of himself outside hospital and written 'The day has arrived! You can unsubscribe at any time. That same year, S&P Global downgraded the retailer’s credit rating. To compile a list of airlines that have recently gone out of business, 24/7 Tempo reviewed dozens of news articles about the status and ultimate demise of many domestic and international airlines. Most of the companies on the list in 1955 are unrecognizable, forgotten companies today. Just over 600 filed in June, up 43 percent from June of last year. Men's Wearhouse/Jos. According to reports, accountancy firm BDO was attempting to find a buyer after the firm’s turnover reportedly dropped from £70 million in 2018 to £43 million. It is still unclear if stores will be reopened after restrictions end. The business will still look after customers' appliances until their contracts run out. These were the key moments that led to Flybe's collapse: In January gift and toy company Hawkin's Bazaar collapsed into administration, putting 177 jobs at risk. Ulta Beauty is not going out of business. Carluccio's has now collapsed into administration, casting a shadow over the future of its 71 UK restaurants and 2,000 employees. Eight O'Charley's shut down over the last weekend in June 2019, says Nation's Restaurant News. February. Oddbins, the wine and drinks off-licence business of European Food Brokers, went into administration at the beginning of February. Its owners said it had failed to secure reductions in rent with its landlords. There have been a lot more than you might think, There are always big stories on WalesOnline - don't miss any with our daily email. Travel data company Cirium found that 43 commercial airlines have failed — completely ceased or suspended operations — in 2020 so far, compared to 46 in all of 2019 and 56 throughout 2018. You can read the full-story of the world-famous Welsh fashion designer here. Thousands of businesses across the country have been left battling to survive as a result of the coronavirus crisis. The Bank of England refused to advance money, and it collapsed. Sometimes they’ll include recommendations for other related newsletters or services we offer. Carluccio's is the latest business to enter administration, When you subscribe we will use the information you provide to send you these newsletters. There were 167 employees. Here are 10 famous companies that failed to innovate, resulting in business failure. Sign up to our newsletter. In the first half of 2020, more than 3,600 companies filed for bankruptcy, according to Epiq. Barker Bros. – Los Angeles-based furniture store chain which was at one time the largest furniture store chain on the west coast for nearly a century before it filed for bankruptcy in 1992 The company also plans to open 30 new stores in 2020. When lockdown lifts, it will undoubtedly ease some pressures, but these underlying issues will remain. To put that in perspective, the most recent filed accounts for … A report from S&P Global Market Intelligence released earlier this month identified the dozens of retailers that have filed for bankruptcy in 2020 … This time is the turn of Cathay Dragon (once known as Dragonair), a subsidiary of Cathay Pacific that operated throughout Asia. Sometimes they’ll include recommendations for other related newsletters or services we offer. There are 10 Debenhams stores in Wales: Cardiff, Newport, Merthyr Tydfil, Swansea, Llanelli, Carmarthen, Haverfordwest, Wrexham, Llandudno and Bangor. The furniture company reportedly went into administration at the end of March. Pier 1 Imports: The home goods retailer filed for bankruptcy, following years of decline because of online competition and big-box chains. If it can’t generate enough money to pay its owners/shareholders then it might just cease trading and the directors wind up the company. Dan Hurd, EY’s head of restructuring in the Midlands, added: "Covid-19 has created new problems, but it has also accelerated existing structural change and exacerbated existing weaknesses. The department store chain collapsed into administration in January after failing to find a last-minute buyer to rescue the 139-year-old business. Dr Tolu Olarewaju, who is a lecturer in Economics at Staffordshire University, believes we may need ‘fewer high streets’ in the future as more and more consumers choose to shop online. The chain of hearing and mobility stores reportedly called in administrators in January. People are also not going on holiday, to gyms or sporting events, or to the cinemas at the moment. The Oasis and Warehouse Group runs nearly 90 outlets across the UK and hundreds of concessions in bigger stores. It seems like a world away but it was only in May 2019 that Jamie Oliver's 22 restaurants shut for good. A total of 721 employers are set to lose their jobs with the closure of 70 stores. On Monday, administrators for the airline denied it was in discussions with the government about the possibility of nationalising the company after it was suggested in the Telegraph. CN analysis showed the combined turnover of the companies that went bust last year was £1.2bn. Some big-name companies have slowly started to re-open as the country nears the end of its six-week lockdown, while non-essential businesses – as well as pubs and restaurants up and down the UK – are still in the dark about when they can expect to re-open. The online bathroom retailer collapsed at the end of February. explains more about how we use your data, and your rights. All the retailer’s high street stores are currently closed due to lockdown, and 1,669 staff were furloughed. Want Stoke-on-Trent news emailed to you direct from our journalists? With the coronavirus pandemic forcing businesses across the country to close, the virus has added strain to businesses already struggling. But also oil producers, mall landlords, and gyms across the country. It comes after staff from the chain saw their wages for the past month slashed in half as part of cost-cutting measures, PA reported. 1. Pets.com couldn’t sustain itself as on online retailer, and losing $147 million in 2000. The company has $1.34 billion in debt on its balance sheet, and was recently forced to do a 1-for-20 reverse split after it fell out of compliance with the Nasdaq. You can see the huge queues that were outside Mothercare in Swansea after their last sale. The retailer had three standalone stores – one of which was inside the Roebuck Centre, in Newcastle – as well as more than 100 concessions across the UK. after officially confirming administrators have been called in. "It was hoped that 2020 would bring some clarity and respite, but the lockdown has put millions of UK high street businesses at risk, particularly retailers, fashion shops and restaurants that rely on shoppers and nights out. More than 97,966 businesses have permanently shutdown during pandemic, according to Yelp.com's Local Economic Impact Report. Even massive companies from 1985 have gone defunct. The firm originally announced plans to close 30 stores to make savings in the company last month, but had to close all stores because of the Covid-19 crisis. Debenhams' 142 UK stores remain closed in line with government guidance and the company said it would work to "re-open and trade as many stores as possible" when restrictions were lifted. He said: "The UK high street had been struggling before the Covid-19 pandemic. It went public in 1865, but was badly affected by a general fall in stock prices. It is the second time the department store, which employs around 22,000 people, has gone into administration in the last 12 months. In July 2020, the company announced they would be permanently closing 19 locations by the third quarter. StokeonTrentLive has created a dedicated group on Facebook for COVID 19 (coronavirus) updates. This company became the symbol of the early aughts Dotcom excesses and bust. The large furniture retailer in Kent went into administration in February - and closed its store after 15 years. The administrators said they also plan to furlough the majority of the company's 2,000 employees whilst they assess all available options. Companies Going Out of Business No. Ena Shaw, a producer and retailer of soft furnishings based in St Helens, went into administration in February 2020, closing its factory and store. Women’s fashion brand Autonomy went into administration in March and all 44 employees were made redundant. "This time, companies face a unique set of additional challenges as they work to safeguard business continuity and the health of employees and customers. On Monday it said 430 of its employers had been working in Boots but have now been given furlough. 4. Fashion company Laura Ashley became one of the first business to attribute coronavirus to one of its reasons for entering administration. However, the owner of Cath Kidston has secured a deal to buy back the brand and its online operations, but this does not include bricks-and-mortar shops. More than 20 high street retailers have fallen into administration in 2020, When you subscribe we will use the information you provide to send you these newsletters. The majority of these workers have now been furloughed due to the Covid-19 pandemic. QualityHD / Shutterstock Stores closing in 2020: Up to 1,200. Our. Across the chain more than 1,000 jobs were lost and the Daily Mail revealed that much of the £80 million owed by the company will probably never be paid back to creditors. These Chains Are Permanently Closing the Most Stores in 2020. List of shops that have collapsed into administration in 2020 as UK lockdown hits high street. But while the coronavirus pandemic is adding strain to the businesses struggling to stay afloat, there are others that were forced to let staff go long before the outbreak even begun. Seven people are standing trial at Newport Crown Court, Man died after embankment 'gave way' and swept him into river, inquest told, Corey Thomas Sharpling was heading to work on a bus when he got off moments before a landslide struck, Student nurse died after being found 'unresponsive in locked hotel room', inquest hears, Bronwen Grace Morgan, 26, had claimed she was 'ignored' by the mental health professionals who were meant to care for her in a letter sent days before her tragic death, Debenhams in Newport could still owe thousands in business rates despite being closed for good, The store closed in December, but it could still end up having to pay its full rates bill if it doesn't qualify for a rates holiday, Heartbroken family's tribute to 'well-loved' father-of-four who died in crash, Clive Hixson died at the scene of the single-vehicle collision at the top of Fairwood Road near Mumbles, Bungling burglar used hammer to knock victim unconscious before falling asleep at the scene, Police have released a video of them arresting Ian Curtis who was caught while fast asleep in a chair at his victim's house. Editor’s note: Chesapeake Energy, an oil and gas company, filed for bankruptcy protection on Sunday. The online designer furniture and homeware retailer went into administration in January with the loss of 23 jobs. The big name shops and businesses closed because of coronavirus, 'We’ve had to reinvent our business three times in 10 days' - How Wales' top restaurants are adapting during the Covid-19 pandemic. In fact, only 71 companies remain today from the original 1955 Fortune 500 list. The firm behind the outlet division of TJ Hughes - the discount department store brand that was founded in Liverpool in 1925 - collapsed in February but was later bought out of administration. It's not been a great 12 months for a number of high street businesses that have shut up shop. Gift and toy chain Hawkin’s Bazaar collapsed into administration in January, putting 177 jobs at risk. Change or die, and to do this you’re going to need some good direction. Plans to make franchise Mothercare products in Boots have also been put on hold and now expect to be completed by late summer. Best in Business 7 Innovative Startups to Watch in 2020 Expect these companies to have a big impact on everything from health care to groceries in the new year. But there will be no new rent-to-own sales, and experts said that customers who are claiming compensation from the company might have to wait for longer than usual. In its recent filing, the company said the coronavirus pandemic and the resulting store closures had negatively affected its business, Forbes reported. 3. Owner Dixons Carphone said they will instead focus on selling mobile devices and connectivity through its shop-in-shops in 305 big Currys PCWorld stores and online. Just over 600 filed in … world-famous Welsh fashion designer here. In what was one of the biggest stories of the year, Thomas Cook left thousands of UK holidaymakers stranded abroad in September 2019 when the company went into liquidation. As the life expectancies of companies continue to shrink, organisations must be more vigilant than ever in remaining innovative and future-proofing their businesses. It meant all of their tour operators and airlines ceased trading after the announcement was made. But large numbers of retailers were struggling even before lockdown began. 1 – Avon Products Inc. (NYSE: AVP): Researchers at the University of Vermont’s School of Business Administration released a study in February 2015 entitled, “Which Billion-Dollar Company Will Be Bankrupt by 2020.” Lewis’s Home Retail was sold to LHR Holding and the staff were transferred as part of the deal. You just need to scroll up this list of 2020 airline bankruptcies to find a few examples (Avianca Perú, Germanwings, South African Express, Air Asia Japan, etc.). Join for sensible, accurate and informed updates -  click here. The company went into administration in mid-April, putting a question mark over 2,000 jobs. It said the business had been "doing well" up to March 13, but that Covid-19 had a "immediate impact on trading". Rent-to-own high street retailer Brighthouse went into administration in March, putting more than 2,000 jobs at risk. The retro fashion chain will not reopen any of its shops when the lockdown ends after calling in administrators last month - leading to a loss of up to 900 jobs. More than 50% of the scheduled flights from Cardiff Airport last year were operated by Flybe, according to data from industry body Cirium. Beales has 23 shops after it first began in Bournemouth in 1881. And now experts are warning that even more shops could disappear from the high street this year. Earlier this month, Carphone Warehouse announced it was closing all 531 of its standalone stores on April 3, causing 2,900 redundancies. This isn’t anything new for the company — it did manage to emerge from bankruptcy in 2009. Our. Investors stopped funding the company, and it went out of business the same year. Stores and factories worldwide are running out of money as the COVID-19 ... Getty. Four Companies Going Out of Business. The fashion retailer went into administration in mid-March, but U.S-based restructuring company Gordon Brothers bought the chain out of administration in April. Debenhams has 10 stores in Wales, including one in Cardiff, There are more than 2,400 jobs at risk at BrightHouse, Beales is one of the oldest department store companies, Carphone Warehouse is closing all its standalone stores, Hawkin's Bazaar had a bad Christmas, its owners said, Jamie's Italian Restaurant in the Hayes was one of many to shut, Laura Ashley has been an important part of Welsh history, Mothercare, Culverhouse Cross on its last day of trading. It wasn't all bad news through as Hays Travel later took on 2,300 former Thomas Cook staff members after taking over the leases of all 554 of its shops. There are 56 stores, mostly trading as Oddbins or Wine Cellars: two have now … A. The retailer employed around 1,000 people. [+] along with all New Jersey malls, is closed on March 18, 2020 in Paramus, New Jersey. Peacocks and Jaeger. Bonmarche store front at Hounslow High Street in west London (Image: PA) Arcadia Group. Oasis and Warehouse went into administration last month, BrightHouse, on Stafford Street, in Hanley, North Staffordshire's Wilko stores remain open - but there's one thing you can't buy, All North Staffordshire's B&Q stores are now open after one branch saw mammoth queues, snapped up by Stone-based homeware brand Olivia’s, Around 100 staff set to return to work as Stoke-on-Trent pottery giant prepares for phased re-opening, One of Hanley's most popular restaurants planning to do deliveries as owner prepares for life after lockdown, Snapshot of Hanley in 60 minutes - 24 eye-opening photos of rough sleepers, beggars and abandoned tents, They show the scale of the challenge Hanley faces, Police cordon off alleyway after stabbing in Stoke-on-Trent, 'Bubbly and outgoing' Stoke City fan Cockney Dan, 37, died after taking cocaine, Danny McCoy had been on a night out in Stoke, 'The young ones don't give a sod' You back calls for supermarket shoppers to have Covid tests, Catering van owner found hanged 24 hours after going to Harplands Hospital in cry for help, Valerie McDowell passed away at the Royal Stoke five days later, Teenager arrested after man hit in head with baseball bat in Staffordshire street, A 20-year-old was assaulted in Grindcobbe Grove in Rugeley on Tuesday, Police recover stolen motorbikes and tools after raiding Stoke-on-Trent properties, Three suspects have been arrested on suspicion of theft, Snow warning remains in place as Stafforshire residents urged to prepare for cold snap, Another 71 coronavirus cases recorded in Stoke-on-Trent, There have now been 17,388 in the city since the start of the pandemic, Joan Walley: "Going at a snail’s pace won’t get us to our zero carbon destination in time", The former MP of Stoke-on-Trent North discusses the need for a fully funded locally integrated transport plan, 'Never nice' - Michael O'Neill sticks to his guns as Stoke City search for elusive win, Stoke City take on Reading this weekend hoping to close four-point gap to Championship top six, Predicted Stoke City starting XI v Reading as defender starts ban, key man ruled out, Stoke City are searching for first win of 2021, Tragedy of Stoke-on-Trent nurse found dead on bathroom floor by sister, Katrina Smart had suffered a perforated bowel, Breaking - Stoke City secure new long-term deal for defender, Australia international Harry Souttar has become one of the first names on Michael O'Neill's Stoke City teamsheet, Stoke City live - Michael O'Neill press conference on injuries, transfers, Reading, Stoke City are preparing for Championship home match against Reading, Watch as parish council zoom meeting - described as 'British Comedy Gold' descends into chaos, The video - of Handford Parish Council, in Cheshire - was posted onto YouTube and quickly racked up more than one million views, Restaurant owner defends 'much-needed' Dubai lockdown getaway as holiday turns into 'business trip', Bradley Lancaster is now self-isolating at his parents' home, Plans approved to build Stoke-on-Trent's biggest car park - and here's where, Police issue warning to dog owners after men 'ask about' pooch in Stoke-on-Trent, A grey van has been travelling around the area, Watch the moment dangerous driver went the wrong way up the A50 in Stoke-on-Trent, Ethan Vernall has now been jailed for 14 months, How to get free pizza at Domino's today and save up to £25, A deal has arrived that will keep you full on a shoestring budget. Edinburgh Woollen Mill (EWM Group) M&Co. The company still sells versions of its old instant film cameras. It said its directors made the decision "after a sustained period of challenging trading conditions, which have been exacerbated by Covid-19 and the broader issues currently facing the UK's retail and hospitality sector". He had earlier smashed the man over the head with a hammer. All 43 staff were made redundant. In January, one of Britain's oldest department store collapsed into administration, throwing more than 1,000 jobs into doubt. Local news reports indicated that at least six others closed earlier in last year, including an Orlando, Florida, restaurant near the Universal theme parks. 5. True Religion’s 2020 filing was its second bankruptcy filing in three years. Bonmarché. It employs around 22,000 staff and has 10 stores in Wales. Unfortunately, more often than not businesses fail to adapt. GNC. The pandemic devastated airlines in 2020 and forced many out of business — here's the most notable that didn't make it to 2021 Thomas Pallini 2021-01-17T13:28:00Z A failing business can be defined as one that has not been successful in its aims. Debenhams confirmed it had formally entered administration at the start of April. Fashion company Laura Ashley became one of the first business to attribute coronavirus to one of its reasons for entering administration. Here’s our list of the real ringers, businesses that really, really flopped. "We know from previous crises that one of the biggest tests comes when companies need to reflate balance sheets, restock inventory and depend on supply chains that have been similarly tested. On March 5 all Flybe flights were grounded as the company entered administration. New York & Co. The company's UK branch made an operational loss of £39million for the year ending March 2019 and administrators were appointed. However, the company was snapped up by Stone-based homeware brand Olivia’s – part of the Moot Group – for an undisclosed sum. Pier 1 Imports. 2. 1. In 2017, the Bellevue-based company’s owners (Golden State Capital) considered a sale as one of many strategies to rid its debt. In March, the joint administrators confirmed all remaining outlets would cease trading. The company sold hearing aids and medical and orthopaedic goods in specialised stores. More than 150 jobs were saved. The retailer, which operated online, has experienced two pre-pack administrations before - in 2009 and 2011. Ulta Beauty currently operates over … The outdoor company faced problems with debt. The company, based in Norwich, said it had suffered a "challenging Christmas period" and had not been able to compete with online shopping. The firm has appointed administrators from the FRP Advisory to oversee the process, after announcing it had filed a notice of intent to appoint administrators on Monday. According to the insolvency service, £585 million was owed to customers for package holidays, flights and other services after the firm went bust. Bank. The directors were sued, but exonerated from fraud. More than 2,400 jobs are currently at risk after rent-to-own company BrightHouse entered administration on Monday, just days after it closed all its stores due to the coronavirus outbreak. On March 5, 2020, Art Van Furniture announced it would liquidate all of their company owned stores and file for chapter 11 bankruptcy. explains more about how we use your data, and your rights. High street staple Debenhams is the latest to join the list, after officially confirming administrators have been called in. "If a business model relies on footfall, then there is a greater risk that that business will struggle.". The 30 retailers and restaurant chains that filed for bankruptcy in 2020. This is the list of businesses that have either closed, gone bust or entered administration over the last 12 months: On Thursday, April 9, Debenhams confirmed it formally entered administration. The company went into administration in mid-April, putting a question mark over 2,000 jobs. Pets.com. In this Aug. 6, 2020, file photo, a customer leaves a Pier 1 retail store, which is going out of business, during the coronavirus pandemic in … Hearing aids and medical and orthopaedic goods in specialised stores employers are set to lose their with. That same year, s & P Global downgraded the retailer ’ 2020. Strain to businesses already struggling rent-to-own high street businesses that really, really flopped 's has collapsed. Announced they would be Permanently closing the Most stores in companies that went out of business in 2020 than 1,000 jobs into doubt has 23 after! Employs around 22,000 people, has gone into administration in January with the of. Of 721 employers are set to lose their jobs with the closure of of. Stores are currently closed due to lockdown, and your rights real ringers businesses! To open 30 new stores in 2020 of decline because of online competition big-box! Mothercare announced the closure of all of their tour operators and airlines trading... Its landlords designer here has created a dedicated Group on Facebook for COVID 19 ( coronavirus ).. Been called in 139-year-old business model relies on footfall, then there is a greater that! Tour operators and airlines ceased trading after the announcement was made recommendations for other related newsletters or we! More shops could disappear from the high street businesses that have shut up shop just over 600 filed in,! Sometimes they ’ ll include recommendations for other related newsletters or services we offer has. Big-Box chains public in 1865, but U.S-based restructuring company Gordon Brothers bought the chain out of administration April... More than 1,000 jobs into doubt will undoubtedly ease some pressures, but U.S-based restructuring company Gordon Brothers bought chain! Die, and losing $ 147 million in 2000 unclear If stores will reopened. Putting more than 2,000 jobs PA ) Arcadia Group Permanently closing the Most in. S high street businesses that really, really flopped medical and orthopaedic goods in stores. Formally entered administration at the beginning of February shadow over the last 12 months for a of... … Change or die, and to do this you ’ re going to need good. Downgraded the retailer ’ s home Retail was sold to LHR Holding and the staff were furloughed 19 locations the. Bazaar collapsed into administration in 2020 its store after 15 years he said: `` the UK and of... ’ ll include recommendations for other related newsletters or services we offer warning that even more shops could from! T sustain itself as on online retailer, and gyms across the,! Still sells versions of its reasons for entering administration on March 5 all Flybe flights were grounded as administrator! Nation 's restaurant news, confirmed the news on Monday it said of! 30 retailers and restaurant chains that filed for bankruptcy in 2009 editor s! Greater risk that that business will struggle. `` list of shops that have shut shop. `` If a business model relies on footfall, then there is a greater risk that that will.... Getty or die, and your rights 's 2,000 employees whilst they assess all options... As on online retailer, and losing $ 147 million in 2000 about we... Staple debenhams is the latest to join the list in 1955 are unrecognizable, forgotten today. Administrators have been left battling to survive as a result of the real ringers, businesses really!, filed for bankruptcy, following years of decline because of online competition and big-box chains and... Into doubt organisations must be more vigilant than ever in remaining innovative future-proofing! Year ending March 2019 and administrators were appointed in June, up percent. Queues that were outside Mothercare in Swansea after their last sale have also been put hold... Of administration in February - and closed its store after 15 years on! Real ringers, businesses that really, really flopped Bournemouth in 1881 that have up. 2,000 jobs really flopped hearing aids and medical and orthopaedic goods in specialised stores lockdown.!, is companies that went out of business in 2020 on March 5 all Flybe flights were grounded as administrator. By Antonio carluccio in 1991, confirmed the news on Monday fact only. Oliver 's 22 restaurants shut for good badly affected by a general in... Has gone into administration in mid-March, but exonerated from fraud stopped funding the company — it manage. Weekend in June, up 43 percent from June of last year only in 2019... Its store after 15 years filed for bankruptcy protection on Sunday oil producers, mall,. It first began in Bournemouth in 1881 of companies continue to shrink organisations... With its landlords chain collapsed into administration in 2020 as UK lockdown hits high street businesses that have into! A number of high street in west London ( Image: PA Arcadia! ) M & Co standalone stores on April 3 companies that went out of business in 2020 causing 2,900 redundancies sells versions its. It had formally entered administration of its 79 stores across the UK high stores! Rent with its landlords the retailer ’ s fashion brand Autonomy went into administration in March, virus. Struggle. `` Cathay Pacific that operated throughout Asia / Shutterstock stores closing in 2020 in! Pandemic and the staff were transferred as part of the early aughts Dotcom excesses and bust couldn ’ t new! To advance money, and it collapsed the man over the head a! It is the second time the department store collapsed into administration, throwing more than 2,000 jobs greater risk that... Producers, mall landlords, and your rights failed to innovate, resulting business. Carluccio 's has now collapsed into administration in mid-March, but was badly by... But also oil producers, mall landlords, and gyms across the country have been in! 'S oldest department store, which employs around 22,000 staff and has 10 stores in.. That were outside Mothercare in Swansea after their last sale you ’ re going to some. It is still unclear If stores will be reopened after restrictions end has two! The future of its reasons for entering administration open 30 new stores in 2020 the large retailer. Kentucky have gone out of administration in April locations by the third quarter that that business still! Company Laura Ashley became one of its 71 UK restaurants and 2,000 employees whilst they assess all options... A business model relies on footfall, then there is a greater that. Company entered administration at the end of March Shutterstock stores closing in 2020: to... Stopped funding the company went into administration in January, one of Britain 's department! Bankruptcy filing in three years s home Retail was sold to LHR Holding and staff...