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Daily Mirror
Daily Mirror
Business
Emma Munbodh

All of the shops that have gone into administration since the coronavirus lockdown

More than a million retail jobs are said to be on the line as coronavirus continues to wreak havoc on the high street.

Businesses are reconsidering headcounts after months of closures and amid billions of pounds worth of redundant stock.

It comes as the Prime Minister announced thousands of chains will be able to reopen again on June 15.

Oasis and Warehouse have been the top casualties, admitting their financial woes had been accelerated by the economic shutdown in March.

Debenhams, which has been in administration twice this year, has now closed all branches in Ireland permanently.

According to the Centre for Retail Research, as many as 20,000 shops could close this year as a result of the pandemic.

We've run through the coronavirus high street casualties below as Britain prepares for a new era of shopping.

Debenhams

(Getty Images)

Britain's biggest department store crashed into administration for the second time this year on April 2, just weeks after the UK went into a forced lockdown.

The company, which has been struggling for several years, made the decision to call in experts over crippling debt and a fast-growing online retail market.

The chain called in consultants at FRP Advisory, however, said despite "best efforts" was unable to save all stores.

In total, the company has reached agreements with landlords in 120 out of 142 stores - though it's confirmed that 15 will permanently close after lockdown.

Debenhams chief executive Stefaan Vansteenkiste said: "In these unprecedented circumstances the appointment of the administrators will protect our business, our employees, and other important stakeholders, so that we are in a position to resume trading from our stores when Government restrictions are lifted.

"We anticipate that our highly supportive owners and lenders will make additional funding available to fund the administration period."

"We are desperately sorry not to be able to keep the Irish business operating but are faced with no alternative option in the current environment," Vansteenkiste said.

"This decision has not been taken lightly and is no way a reflection on our Irish colleagues, whose professionalism and commitment to serving our customers has never been in question."

Laura Ashley

(Universal Images Group via Getty Images)

Laura Ashley has announced the permanent closure of 70 stores, with 721 employees set to lose their jobs.

The retailer said the closures are a direct impact of coronavirus which has tipped it over the edge.

It said it will continue to trade online and from its remaining 77 UK stores for the time being, however has warned it needs £15million of emergency cash to survive.

Katherine Poulter, chief executive officer of the business, said she is "hopeful" that it will find a buyer for the brand.

"Since my appointment just last month, I have shared my vision for the future of this brand, accompanied with a robust turnaround plan to set the future direction of the company and return Laura Ashley to the great British brand that is known and cherished around the world.

"The vision also included reconnecting with our traditional values and our strong British heritage and focusing on developing Laura Ashley as a lifestyle brand.

"I remain unwavering in my belief that Laura Ashley can and should retain the place it deserves in the international retail landscape. Unfortunately, we will lose some brilliant people through no fault of their own."

Cath Kidston

The company has more than 200 outlets across the world (Handout)

Cath Kidston shut all 60 of its UK stores in April, at a loss of more than 900 jobs.

The fashion has confirmed its stores will not reopen once the coronavirus lockdown is over.

Baring Private Equity Asia (BPEA), which has held a stake in the retailer since 2014, said it will buy the online business, brand and wholesale arm from administrators Alvarez & Marsal.

It said the move will result in the "cessation of the retail store network".

Melinda Paraie, chief executive officer of Cath Kidston, said: "While we are pleased that the future of Cath Kidston has been secured, this is obviously an extremely difficult day as we say goodbye to many colleagues.

"Despite our very best efforts, against the backdrop of Covid-19, we were unable to secure a solvent sale of the business which would have allowed us to avoid administration and carry on trading in our current form.

"I would like to thank all our employees for their hard work, loyalty and patience over the last few weeks as we worked through this process."

Chiquito

(Manchester Evening News)

The owner of Chiquito restaurants put the chain into administration in March, after admitting it was struggling to cope with the fallout from the coronavirus outbreak.

The Restaurant Group, which also owns Wagamama and Frankie & Benny's, said it would also shut its Food and Fuel chain of pubs in London.

A total of 61 Chiquito sites will remain shut while around 20, which are not part of the business getting ready for an administration, will reopen after the lockdown. A total of 1,500 jobs are at risk.

A spokesman said: "Covid-19 has had an immediate and significant impact on trading across the Group.

"We have conducted a review of the performance of our business divisions, with a particular focus on the expected future cash generation profile of each of our business units."

He went on to say that both groups are expected to hit losses this year, adding: "As a result, the Group has taken the very difficult decision to appoint administrators for Food & Fuel Limited and filed a notice of intention to appoint an administrator for Chiquito Limited.

"The decisions have been incredibly difficult and we recognise the significant impact on all of our colleagues that are affected. We thank them for their hard work and commitment during these very testing times."

Brighthouse

Rent to own giant BrightHouse entered administration on May 30, placing 2,400 jobs on the line.

The company, which provides loans to consumers to purchase electrical items, trades from 240 stores across the UK and has roughly 200,000 customers.

Grant Thornton will keep running the business, and collecting money from customers, following the administration.

Customers will also still get their appliances looked after by the company until their contracts run out, at which point the business will wind up. But there will be no new rent-to-own sales.

Its administration also means customers with outstanding mis-selling complaints will likely only get a fraction of the sums they are seeking.

The administrators said: "The logistics and engineering business of CTL will continue to assist in dealing with those customers who have claims for essential home item repairs and will continue deliveries of smaller items to customers' doorsteps, to ensure where possible, customers' products remain in working order."

Oasis and Warehouse

Warehouse store in London (Alamy Stock Photo)

Oasis and Warehouse have collapsed on the back of the coronavirus crisis - with no plans to reopen after lockdown measures are relaxed.

The two retailers, which went into administration on April 15, had been on the hunt for a buyer - however, consultancy firm Deloitte said all efforts had been unsuccessful.

Between them, Oasis and Warehouse had 92 branches, with another 437 concessions based in third party retailers, such as department stores.

The collapse comes just three weeks after its owner, failed Icelandic lender Kaupthing, started discussions with prospective buyers.

A total of 1,803 jobs will be lost.

Rob Harding, joint administrator at Deloitte, said: "It is with great sadness that we have to announce a sale of the business has not been possible and that we are announcing so many redundancies today.

"This is a very difficult time for the Group’s employees and other key stakeholders and we will do everything we can to support them through this."

Virgin Australia

Virgin Australia went into voluntary administration on April 21 after the country's Government ruled out intentions for a multi-billion bailout.

The airline is 10% owned by Richard Branson's Virgin Group, with other investors including Etihad, HNA of China and Singapore Airlines also having stakes. It has 16,000 employees.

"Virgin Australia has entered voluntary administration to recapitalise the business and help ensure it emerges in a stronger financial position on the other side of the Covid-19 crisis," the airline said in a statement to the Australian Stock Exchange.

The company has now appointed Deloitte as voluntary administrators.

Branson has also pledged to work "day and night" to ensure the airline doesn't go under, though its fate remains to be seen.

"I am so proud of all of you and everything we have achieved together," he wrote.

"20 years ago, we wanted to bring much needed competition to Australia’s skies, to lower airfares, to give customers choice, to create thousands of jobs and to put a smile on people’s faces.

"Inspired by that vision, we created Virgin Blue, which grew into Virgin Australia.

"Together we created an airline that embodied the Virgin brand - an incredible team focused upon innovation and great customer experience to make people’s lives better.

"I know how devastating the news today will be to you all," he continued.

"In most countries federal governments have stepped in, in this unprecedented crisis for aviation, to help their airlines. Sadly, that has not happened in Australia.

"This is not the end for Virgin Australia and its unique culture.

"Never one to give up, I want to assure all of you - and our competitor - that we are determined to see Virgin Australia back up and running soon.

Carluccio's

(REX/Shutterstock)

Dining chain Carluccio’s has been saved in a rescue deal which will keep 30 of its restaurants but result in more than 1,000 job losses, administrators have announced.

The Italian restaurant has been sold to Giraffe and Ed's Easy Diner owner Boparan Restaurant Group, in a deal that has saved dozens of restaurants and around 800 jobs.

However, administrators FRP Advisory said the move has also resulted in the redundancy of 1,019 Carluccio's employees after it was unable to secure the future of the chain's other 40 restaurants.

Phil Reynolds, joint administrator and partner at FRP, said: "The Covid-19 lockdown has put incredible pressure on businesses across the leisure sector, so it has been important to work as quickly and as decisively as possible in an extremely challenging business environment to secure a sale which ensures the future of the Carluccio's brand in the UK casual dining scene retains a significant network of sites across the country and, critically, transfers a considerable number of jobs.

"We wish the team all the best as part of the Boparan Restaurant Group (BRG)."

Virgin Media

A person wearing PPE (personal protective equipment), including a face mask as a precautionary measure against COVID-19, walks past a Virgin Media mobile phone store, closed-down due to the novel coronavirus pandemic, in London on May 4, 2020. - Spanish group Telefonica on Monday said it was in talks with US cable giant Liberty Global to merge their telecoms operations in the UK. In a statement, Madrid-based Telefonica said it was in "talks... about a possible integration" of its O2 mobile business and Liberty's Virgin Media that provides a mix of telecoms and television services, while providing caution over a deal ending up being struck. (Photo by Tolga Akmen / AFP) (Photo by TOLGA AKMEN/AFP via Getty Images) (Getty)

Virgin Media is to disappear from the high street, with no plans to reopen its 53 UK stores after lockdown measures are eased on June 15.

The cable and TV company said its operations will shift to online only, adding that all 341 affected employees will be offered new roles instead.

Around 300 of those posts will be in customer care, the company said in an announcement.

It added that the decision has been taken following the success of its call centres, as staff worked from home during the lockdown.

Another 50 newly created roles relate mostly to field sales roles.

"We are focused on delivering the service customers want, in the ways they want it and at a time and place that suits them," said Rob Orr, an executive director for sales at Virgin Media.

"By creating new jobs in our most popular care and sales channels, we will be better able to provide our customers with the top service and support they rightly expect while retaining our talented workforce."

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