Retail restructurings to continue in 2013
We will continue to see more restructurings in the retail sector during 2013, writes Eamonn Richardson of KPMG.
We will continue to see more restructurings in the retail sector during 2013. Some of these restructurings will be achieved on a consensual basis with the retailer's stakeholders, while others may require a formal process to effect the restructuring.
In recent weeks, Britain has experienced the collapse of Jessops, Blockbusters and HMV (which also had 16 stores in Ireland).
While some retailers reported better-than-expected Christmas sales, overall there were mixed results. Many retailers began their sales early,...
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