Administration

Australian swimwear retailer dives into administration

Australia’s largest swimwear retailer Seafolly, which is backed by French fashion conglomerate LVMH Moët Hennessy Louis Vuitton, has filed for voluntary administration in Sydney, with Norton Rose Fulbright and Ashurst advising.

10 July 2020

Estate of alleged German DHL fraudster seeks Florida recognition

The administrator of the estate of a German resident accused of defrauding multinational courier Deutsche Post is seeking US recognition of his German insolvency, in an effort to sell a Florida house.

09 July 2020

Shoosmiths advises on TM Lewin pre-pack, EY appointed in Australia

Shoosmiths has advised the administrators of London-based shirt retailer TM Lewin on a pre-pack sale that has shuttered all of its UK stores, as its Australian arm entered voluntary administration under EY.

06 July 2020

Casual Dining Group appoints administrators ahead of sale of business

Casual Dining Group, the KKR-controlled owner of UK restaurant chains Bella Italia, Cafe Rouge and Las Iguanas, has appointed AlixPartners as administrators ahead of an expected sale of the business.

03 July 2020

Begbies Traynor brought in as Hong Kong-owned Wigan Athletic kicks off administration

English football club Wigan Athletic has fallen into administration in the UK, just weeks after it was taken over by Cayman-registered, Hong Kong-based Next Leader Fund.

03 July 2020

Fried Frank and Shoosmiths advise on Bensons for Beds pre-pack

Turnaround specialist Alteri Investors has acquired UK retailer Bensons for Beds through a pre-packaged administration sale, with Fried Frank Shriver & Jacobson and Shoosmiths advising.

02 July 2020

Virgin Australia administrators select Bain Capital as new owner

Virgin Australia’s administrators have entered a sale agreement with US private equity group Bain Capital and warned shareholders not to expect any recoveries.

01 July 2020

KPMG taps Linklaters as shopping centre owner falls Intu administration

Linklaters is advising administrators from KPMG appointed over shopping centre owner Intu, the London and Johannesburg-listed owner of 17 malls across the UK and at least one in Spain.

30 June 2020

African Minerals secures scheme hearing in England

African Minerals, a Bermuda-registered mining company in administration in the UK, has won court approval to hold a scheme meeting to help it resolve a creditor conflict about whether it should pursue claims against a Chinese steel group.

29 June 2020

Deloitte administrators sell Go Outdoors in Pre Pack Pool-approved restructuring

Another UK retailer has been sold in a speedy administration to a new entity set up by its former owners, with Deloitte administrators completing a pre-pack sale of the UK camping and hiking retailer Go Outdoors, just 24 hours after it filed a notice of intent to appoint them.

24 June 2020

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