December 19, 2022

Lessons That May Be Learned From The Demise Of


Following the news of London retailer entering administration, London finance and restructuring associate Eleni Michaela authored an article for Law360 that addresses what other retailers can take away from its demise.

Michaela notes that will not be the last major retailer to experience serious cashflow difficulties and solvency concerns in the coming months, and that it could easily become a new and concerning norm in the retail sector.

“The lesson to be learned from, previously hailed as one of the winners of the COVID-19 pandemic, is clear: Without adequate preemptive strategic and contingency planning and oversight, no one is safe,” Michaela said.

Michaela goes on to explain the role attorneys alongside their clients play in highlighting the importance of early engagement to assess the potential risks and opportunities, including strategic mergers and acquisition activity, and in developing action plans to help protect value and minimize the risk of failure.

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