Nearly two months after it fell into administration, Johnsons Shoes Company, has been bought by Newjohn Ltd, which is part of the independent retailer Daniel Footwear. Half of its stores will continue.
As the new owners of TM Lewin continue to seek new deals for its retail stores, a report has suggested the company could consider a pre-pack administration in order to allow it to close as many of the shops as possible.
The reborn Monsoon Accessorize may be planning to operate around 100 stores after the much larger chain went into administration and was bought back by founder Peter Simon, but few of them will be Monsoon locations.
Unsecured creditors of failed department stores chain Beales are owed £17.6 million, administrator KPMG has said. The company went under owing money to fashion concessions and suppliers, as well as staff and landlords.