Fri, 03 Jan 2020 | ADMINISTRATION
Fashion retailer Joy has filed notice of its intention to appoint administrators, with reports suggesting it has put KRE Corporate Recovery on standby.
The retailer sells clothes and jewellery, among other fashion products, and employs 182 staff across 10 stores, seven of these locations are in London, with one location each in Bristol, Leeds and Brighton.
The chain was founded by Joy Maureen Chadha, who bought 12 branches after a first insolvency in September 2008. Its website describes it as a "British fashion and lifestyle brand, renowned for vintage inspired womenswear, classic yet contemporary menswear, unique accessories and quirky gifts".
This administration comes just over two years after a 2017 administration, which was managed by KRE Corporate Recovery, in which there were 78 redundancies. In 2017, the chain was saved from collapse through a pre-pack deal with its founders.
Despite Joy’s administration, new KPMG figures have show that the high street saw fewer administrations in 2019 compared with 2018, with administrations declining 30 per cent overall.
The business for sale is a renowned independent Mercedes Benz specialist trading for 31 years in the industry. This well-established and respected business has a great reputation and benefits from having no competitors within the local area. Offers i...
RELOCATABLE
This is a long-established and traditional convenience store which has been trading effectively since its inception in 1985. Spacious premises. Busy location. Offers invited.
LEASEHOLD
Well fitted self service convenience store, counter News, confectionery, tobacco, full free off licence for sale. Electric shutters to spacious double fronted sales shop with automatic door, tiled floor, suspended ceiling. Substantial loan available...
LEASEHOLD
|
21
|
|
Feb
|
Street food catering firm seeks buyer after entering administration | ADMINISTRATION
Shrewsbury-based catering company MPM Catering has entered a...
|
20
|
|
Feb
|
Heycar acquires HonestJohn.co.uk following administration | BUSINESS SALE
Online used car service Heycar has purchased the independent...
|
19
|
|
Feb
|
On-demand laundry app snapped up after administration | BUSINESS SALE
Laundrapp, an on-demand laundry service which was touted as ...
Sign up to receive our acquisition alert emails to get your FREE guide
|
24
|
|
May
|
Women's fashion brand owner seeks sale, or risks administration | BUSINESS SALE
A women’s fashion label owner is on the hunt for a cas...
|
04
|
|
Mar
|
Online holiday site placed into liquidation | BUSINESS NEWS
A failed online holiday site has entered liquidation with &p...
|
23
|
|
Dec
|
Benjoy Nutrition in administration and seeking a buyer | ADMINISTRATION
Benjoy Nutrition, the supplier of children’s healthy s...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources