Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Corporate Services  New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
  • Video Insights
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / Jacques Vert owner 'prepares to call administrators'

Jacques Vert owner 'prepares to call administrators'

Fri, 04 May 2018 | ADMINISTRATION

Calvetron, owner of fashion brand Jacques Vert and other fashion brands, has announced that it is preparing to call in administrators Duff & Phelps.

The company owns a number of womenswear retailers in Britain, trading from department stores including Debenhams and House of Fraser. The firm purchased a number of its brands via a pre-pack administration in 2017, although seven stores in Belgium and 17 in the UK have since closed.

According to the group, it's likely trading from the department stores will be heavily affected by the decision, which could eventually result in the sale of part of Jacques Vert or investment in Calvetron.

Despite concerns that the problems will impact on these giant high street stores, recent announcements including House of Fraser's decision to seek approval for a Company Voluntary Agreement (CVA) are actually thought to have had the biggest impact on the Calvetron group's projected success. The could reportedly result in the closure of a large number of the department store's sites.

According to the department store's Chinese owner, House of Fraser is now going to attempt to find a buyer for a majority shareholding in the business, and is currently looking towards C.banner to invest. However, House of Fraser will be required to restructure its property portfolio if it is to secure a sale.

These issues are similar to those faced by other major high street retailers including Carpetright, New Look and Poundworld. Since the start of the year, all of these company's have either finalised or announced that they are pursuing CVAs, with many of them now seeking a buyer for all or some of their divisions.


Share this article



Latest Businesses for Sale

Retailer of Watches
N/A, South East, UK

Offers several thousand products, including a number of own-brand items, with highly competitive pricing. Supplies products for hundreds of thousands of customers, receiving a multitude of positive reviews online. Utilises several extensively develop...

Asking Price: Offers Invited
Turnover: £10,500,000

FREEHOLD


Installer Of Swimming Pools, Hot Tubs & Spas
South East, UK

Installs, refurbishes and maintains indoor and outdoor swimming pools, alongside selling a wide range of hot tubs, swim spas, saunas and related accessories. Caters predominantly to domestic customers.

Asking Price: Offers Invited
Turnover: £3,000,000

FREEHOLD


Online Retailer Specialising In Garden Machinery
UK Wide, North West

The company specialises in domestic and industrial garden machinery, cleaning equipment, spares and parts. Products include, pressure washers, vacuum cleaners, hedge trimmers, strimmers and heaters.

Asking Price: Offers Invited
Turnover: £1,900,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
03
 
Mar
 

Spring Budget 2021: The M&A Outlook | BUSINESS NEWS

Chancellor Rishi Sunak has today delivered his long-awaited ...

 
03
 
Mar
 

Fazenda restaurant group acquired from administrators in pre-pack deal | BUSINESS SALE

The Yorkshire-based Fazenda restaurant chain has been acquir...

 
02
 
Mar
 

Recruitment consultancy On-Site Group acquires financial services firm | BUSINESS SALE

Specialist recruitment consultancy On-Site Group has complet...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
12
 
Oct
 

Shopping centre in Northern Ireland for sale at £18m | BUSINESS SALE

Bow Street Mall in Lisburn, one of Northern Ireland's b...

 
27
 
Mar
 

Retail and hotel complex sells for £34m | COMMERCIAL PROPERTY

A retail and hotel complex on Edinburgh's Princes Stree...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2021. Business Sale Report Ltd. All rights reserved. www.business-sale.com.