×
1 850
Fashion Jobs
EUDON CHOI
Production Manager
Permanent · LONDON
TK MAXX
Loss Prevention Officer - tk Maxx Bristol
Permanent · Bristol
LONDON CONTOUR EXPERTS
Marketing Executive/Junior Manager
Permanent · LONDON
ESTÉE LAUDER
Tom Ford - Business Manager - Flannels - Fosse Park, Leicester - 37.5 Hours - Full-Time - Permanent
Permanent · Leicester
VF INTERNATIONAL
International Account Coordinator - Ftc 12 Month
Permanent · NOTTINGHAM
TIMBERLAND
Credit Controller - German Speaking - Timberland
Permanent · CALVERTON
THE NORTH FACE
Credit Controller - Italian Speaking - The North Face
Permanent · CALVERTON
THE NORTH FACE
Credit Controller - French Speaking - The North Face
Permanent · CALVERTON
PINKO
Supervisor
Permanent · MANCHESTER
RALPH LAUREN
Operations Manager
Permanent · Cheshire
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - Sprucefield - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Edinburgh, John Lewis - 37 Hours - Full-Time, Permanent
Permanent · Edinburgh
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - Sprucefield - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - House of Fraser, Maidstone - 15 Hours - Part Time, Permanent
Permanent · Maidstone
ESTÉE LAUDER
Clinique - Consultant - Boots, Princes Street, Edinburgh - 14 Hours - Part Time - Permanent
Permanent · Edinburgh
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
HUGO BOSS
Wholesale - Senior Sales Executive - Hugo Womenswear
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Edinburgh - 16 Hours - Part Time, Permanent
Permanent · Edinburgh
SHISEIDO
Marketing Director - Shiseido, Clé de Peau Beauté, Drunk Elephant
Permanent · London
Published
Jun 1, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Aldo's UK arm files for administration but some stores could continue

Published
Jun 1, 2020

The UK arm of failed Canadian footwear retailer Aldo is now in administration, the filing coming just a few weeks after the Canadian parent company filed for bankruptcy protection.


Aldo



Although its UK shops had already been closed, five of its branches have been earmarked for permanent closure and the administrators (RSM) are looking at options for the remaining eight shops.

While the coronavirus dealt a crushing blow to the company, it had already been facing “historic profitability challenges” and an “unprecedented collapse in retail spending”, issues that drove other UK retail chains under, including Laura Ashley, Oasis/Warehouse and Cath Kidston.

A month ago, the company filed for creditor protection in Canada and the US, as well as in Switzerland, and completely quit the Irish market, axing its four physical shops there and the Irish webstore. The UK failure comes after it posted a British loss of more than £5 million last year on sales of £29 million. It had already closed four UK shops in 2019.

Of course, there's always the chance that the company could return to the Irish market and move back to an expansion phase in the UK in the future.

Remember, the administrators are mulling options for those other eight shops. And the UK webstore is to remain open, as well its concessions in Selfridges, House of Fraser and Debenhams, and its e-concession via Asos and Amazon. So it’s clearly not game over for the brand in Britain.

Aldo hasn’t hinted at any future plan so far, nor whether it would want to buy back its failed British arm. But the parent firm remains bullish on its overall prospects. The company said it “continues to believe in the strength of its company and brands” and will continue as a “global brand”, operating in over 100 countries.

Copyright © 2021 FashionNetwork.com All rights reserved.