Joy news and archive

British fashion chain Joy files for administration

New York –UK’s fashion retailer Joy Group has just announced its intention to appoint administrators, two years after it was bought out of insolvency in a pre-pack deal with its founders. The chain, which has 10 stores across the country, is understood to have lined up KRE Corporate Recovery, which handled the administration in 2017, reports ‘...

Management |OVERVIEW

Fashion retailers who struggled to stay afloat in 2017

London - 2017 was not an easy year for most businesses - especially not for UK retailers. Economical and political uncertainty following the Brexit vote put even more pressure on consumer spending habits and retailers who were unable to execute a winning strategy found themselves in hot water. 42 major retailers went bust over the course of...