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Factbox: The retail victims of the pandemic coronavirus

(Reuters) - On Monday, the biggest British corporate insolvency so far in the coronavirus pandemic, retail magnate Philip Green's Arcadia, which owns Topshop and many other British fashion brands, filed for administration.

Some other high-profile retail names hit by the outbreak of the virus are here:

On Sept. 25, the 113-year-old luxury department store chain Neiman Marcus Holding Co said it had completed its Chapter 11 bankruptcy protection process, emerging during the COVID-19 pandemic from one of the highest-profile retail collapses.

More than $4 billion in debt and $200 million in annual interest expenses were eliminated by its restructuring plan.

A U.S. judge approved a deal to rescue J.C. on Nov. 10. Penney Co Inc from bankruptcy proceedings precipitated by the pandemic of the coronavirus, averting a liquidation that would have put out of business the beleaguered department store chain and threatened tens of thousands of jobs.

J. With a plan to hand over control to lenders, Crew Group Inc filed for bankruptcy protection on May 4. In a Virginia federal court, the New York-based chain, known for preppy clothing, filed for bankruptcy with an agreement to eliminate debt of $1.65 billion in exchange for ceding ownership to lenders. In addition to the debt cancellations, J. The crew had planned to close some stores permanently.

Established in New York City in 1826 by two English immigrants, one of the world's oldest department store owners, Lord & Taylor filed for Chapter 11 bankruptcy in August.

On July 8, Brooks Brothers filed for Chapter 11 bankruptcy, claiming that its strategic review process was already ongoing and the filing of bankruptcy would assist it to secure sufficient funds to facilitate the sale.

The 200-year-old clothing retailer, the first to tailor the button-down Polo shirt in 1896, had already suffered as corporate America relaxed its employee dress code, encouraging them to prefer casual dressing over tailor-made suits.

On Aug. 2, the maker of Men's Wearhouse, Customized Labels, filed for Chapter 11 bankruptcy in the U.S. Court of Bankruptcy for the Texas Southern District.

On May 10, discount department store operator Stage Stores Inc filed with the U.S. for Chapter 11 bankruptcy. Court of Bankruptcy for the Texas Southern District. It said it will pursue bids for the company or any of its properties, as its operations are also beginning to wind down.

On July 23, Ascena Retail Company, owner of Ann Taylor and Lane Bryant, filed for Chapter 11 protection against bankruptcy, succumbing to the economic effects of the COVID-19 pandemic.

On April 9, the British department store chain Debenhams went into administration for the second time in 12 months, trying to defend itself during the coronavirus crisis from legal proceedings by creditors that would have forced it into liquidation.

The Times newspaper announced on Nov. 23 that JD Sports is in exclusive negotiations with Debenhams over a possible rescue takeover.

On March 23, fashion retailer Laura Ashley Holdings said it would permanently shut down 70 stores and cut hundreds of jobs as it named administrators following a harmful blow from the coronavirus pandemic to its business. Under an agreement, UK media announced in early November, Laura Ashley brand homeware will be available from next year in stores of UK retailer Next.

WAREHOUSE, OASIS

In mid-April, after struggling to find buyers, British fashion labels Oasis and Warehouse, which were owned by Icelandic bank Kaupthing, went into administration and said COVID-19 had had a disastrous effect on market. Online fashion company Boohoo announced it was purchasing Oasis and Warehouse for 5.25 million pounds in June, but they are both closing their shops.

WOOLLEN MILL EDINBURGH, PEACOCKS, JAEGER

In November, the owner of the British fashion chains Edinburgh Woollen Factory, Peacocks and Jaeger went into administration, putting at risk 4,716 jobs. The distributors belong to the privately held EWP Company.

ACCESSORIZE, MONSOON

After a UK national lockdown made business unviable, fashion retailers Monsoon and Accessorize went into administration in June and were then bought out of administration by their founder with plans to shut 35 shops, make 545 workers redundant and pursue lease cuts for remaining stores to try and stay afloat.

On June 23, JD Sports named Deloitte as administrator for its loss-making Go Outdoors outdoor clothing chain as it acquired the unit's properties in a pre-pack administration contract.

JD first purchased JD for 112 million pounds ($149 million) four years ago, Go Outdoors has struggled with substantial losses as sales deteriorated at its 67 stores, and JD was considering division options as more pressure was mounted by the coronavirus lockout.

Established in 1926 and retailing fashion apparel through 576 stores across Canada and online, Reitmans said it had received tentative approval in May to pursue bankruptcy protection to restructure its operations as the pandemic of COVID-19 triggered prolonged shop closures. It said it would shut down its Thyme Maternity and Addition Elle brands permanently in June.

On Oct. 23, Le Chateau Inc, a Canadian fashion retailer selling occasion-and party-wear, said it had sought creditor protection and was planning to liquidate its assets and wind down operations after taking a hit from the impact of COVID-19.

Some other high-profile deaths around the world in retail:

The PAS Party of AUSTRALIA

PAS Group Ltd, a Melbourne-based apparel retailer, said it entered voluntary administration on May 29 to review its operations, citing challenging financial market conditions as the consequences of the coronavirus pandemic continued to unfold.

EDCON of SOUTH AFRICA

Edcon, one of the oldest retail groups in South Africa and owner of the Edgars department store chain and budget clothing retailer Jet, applied in April for a form of bankruptcy protection after a coronavirus lockdown shut down its stores across the country. As part of a restructuring, parts of Edcon are being sold.

MQ of SWEDEN'S

Swedish apparel retailer MQ announced it would file for bankruptcy on April 16, citing plunging revenue due to the pandemic of COVID-19.

 

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