Coronavirus

Chancellor extends coronavirus loan scheme to bigger firms

The Coronavirus Large Business Interruption Loan Scheme has been extended to include businesses with turnover greater than £500m. The £330bn…

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Covid-19: EWM introduces pandemic clauses into Bonmarché leases

Edinburgh Woolen Mill (EWM) is reportedly introducing pandemic clauses into any new Bonmarché leases it is due to sign with…

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TM Lewin seeks interested buyers

TM Lewin is reportedly in talks with potential buyers in light of the ongoing effects of the global pandemic.  According…

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Government extends lockdown for ‘at least’ three more weeks

The government has announced an extension to the coronavirus lockdown for “at least” a further three weeks. The decision was…

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Chancellor extends furlough scheme deadline

Chancellor Rishi Sunak has extended the deadline for the Coronavirus Job Retention Scheme after it was found that many people…

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Zalando adds initiatives to support fashion brands despite Q1 loss

Zalando has revealed a series of new initiatives to help support its fashion brands during the current coronavirus pandemic, despite…

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Retail sales decline at ‘worst rate on record’

Retail sales suffered the “worst decline recorded” in March, with a year-on-year total sales decline of 4.3%.  The findings come…

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Oasis and Warehouse collapse into administration

Fashion retailers Oasis and Warehouse have entered administration, putting over 2,000 jobs at risk. Rob Harding and Richard Hawes, restructuring…

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HMRC adds new guidance on Coronavirus Job Retention Scheme

HMRC has issued new guidance regarding the Coronavirus Job Retention scheme and clarifies eligibility for those returning from sick leave…

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Covid-19 could cause UK economy to shrink by 35%, says OBR

The UK’s economy could shrink by as much as 35% in the second quarter of 2020 due to the Covid-19…

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