Tuesday, 12 February 2013
Republic in administration
High rates, low consumer spending, car park charges, too many stores, competition from supermarkets, Oh and the Internet are all factors in many retailer's difficulties.
Could a CVA or company voluntary arrangement have saved this latest business? Perhaps, but the business needs to be viable longterm, and the lenders on side, otherwise administration is the likely outcome.
The retailer is owned by private equity group TPG