In the news this morning, the collapse of Toys R Us and Maplin is widely covered. The Times reports that creditors ranging from landlords to suppliers are nursing potential losses of more than £1bn after the two retailers fell into administration.
And the gloomy high street news doesn’t end there. Prezzo is reported to be looking to close up to a third of its 300 sites as part of a CVA, and clothing chain New Look has sought consent from bondholders ahead of a possible restructuring that would involve closing scores of its 600 stores, according to documents seen by the FT.
