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British Home Stores
British Home Stores, commonly abbreviated to BHS and latterly legally styled BHS Ltd, was a British department store chain, primarily selling clothing and household items. In its later years, the company began to expand into furniture, electronics, entertainment, convenience groceries and fragrance and beauty products. The company was founded in 1928 by a group of U.S. entrepreneurs, and had a total of 163 stores mainly located in high streets or shopping centres by the time of its closure in 2016, as well as 74 international stores across 18 separate territories. BHS was previously a constituent of the FTSE 100 Index, but was bought by Sir Philip Green in 2000 and taken private. The company became part of Green's Arcadia Group in 2009. Following a number of loss-making years, the company was sold to the consortium Retail Acquisitions Ltd led by the serial bankrupt Dominic Chappell, in March 2015 for the nominal price of £1. In April 2016, 13 months after the purchase by Ret ...
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Private Company Limited By Shares
A private company limited by shares is a class of private limited company incorporated under the laws of England and Wales, Northern Ireland, Scotland, certain Commonwealth countries, and the Republic of Ireland. It has shareholders with limited liability and its shares may not be offered to the general public, unlike those of a public limited company. "Limited by shares" means that the liability of the shareholders to creditors of the company is limited to the capital originally invested, i.e. the nominal value of the shares and any premium paid in return for the issue of the shares by the company. A shareholder's personal assets are thus protected in the event of the company's insolvency, but any money invested in the company may be lost. A limited company may be "private" or "public". A private limited company's disclosure requirements are lighter, but its shares may not be offered to the general public and therefore cannot be traded on a public stock exchange. This is ...
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Administration (law)
As a legal concept, administration is a procedure under the insolvency laws of a number of common law jurisdictions, similar to bankruptcy in the United States. It functions as a rescue mechanism for insolvent entities and allows them to carry on running their business. The process – in the United Kingdom colloquially called being "under administration" – is an alternative to liquidation or may be a precursor to it. Administration is commenced by an administration order. A company in administrative receivership is operated by an administrator (as interim chief executive with custodial responsibility for the company's assets and obligations) on behalf of its creditors. The administrator may recapitalize the business, sell the business to new owners, or demerge it into elements that can be sold and close the remainder. Most countries distinguish between voluntary (board-decided) and involuntary (court-decided) receivership. In voluntary administrative receivership, the administ ...
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Mothercare
Mothercare plc is a British retailer which specialises in products for expectant mothers and in general merchandise for children up to eight years of age. It is listed on the London Stock Exchange and is a constituent of the FTSE SmallCap Index. Mothercare's United Kingdom subsidiary had over 150 stores in 2017, but by 2019 the number had been reduced to 79. In November 2019, the subsidiary was placed into administration, which led to closure of all the stores. Mothercare-branded products continue to be sold by Boots and the parent company continues to supply franchisees in other countries. History The company was founded by Selim Zilkha and Sir James Goldsmith in 1961. It was first listed on the London Stock Exchange in 1972. In 1982, the company merged with Habitat to form Habitat Mothercare plc. In 1986, Habitat Mothercare plc merged with British Home Stores, to form Storehouse plc. In January 1996, it bought Children's World from Boots,
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Habitat (retailer)
Habitat (a trading name of Argos Limited), is a brand of household furnishings in the United Kingdom and the main homewares brand within the Sainsbury's group. Founded in 1964 by Sir Terence Conran, it merged with a number of other retailers in the 1980s to create Storehouse plc, before being sold to the Ikano Group, owned by the Kamprad family, in 1992. In December 2009, Habitat was bought by Hilco, a restructuring specialist. On 24 June 2011, the company was put into liquidation and all but three UK Habitat stores were closed in a deal to sell the indebted furniture chain, with the brand and the three London stores sold to Home Retail Group. In September 2016, UK retailer Sainsbury's bought Home Retail Group, including Argos and Habitat, for £1.4 billion (about $1.85 billion). History Beginning Sir Terence Conran founded Habitat in London in 1964, opening his own store to market his Summa range of furniture. The first store was opened in Fulham Road in Chelsea by Conran, h ...
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Gibraltar
) , anthem = " God Save the King" , song = " Gibraltar Anthem" , image_map = Gibraltar location in Europe.svg , map_alt = Location of Gibraltar in Europe , map_caption = United Kingdom shown in pale green , mapsize = , image_map2 = Gibraltar map-en-edit2.svg , map_alt2 = Map of Gibraltar , map_caption2 = Map of Gibraltar , mapsize2 = , subdivision_type = Sovereign state , subdivision_name = , established_title = British capture , established_date = 4 August 1704 , established_title2 = , established_date2 = 11 April 1713 , established_title3 = National Day , established_date3 = 10 September 1967 , established_title4 = Accession to EEC , established_date4 = 1 January 1973 , established_title5 = Withdrawal from the EU , established_date5 = 31 January 2020 , official_languages = English , languages_type = Spoken languages , languages = , capital = Westside, Gibraltar (de facto) , coordinates = , largest_settlement_type = largest district , l ...
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Franchising
Franchising is based on a marketing concept which can be adopted by an organization as a strategy for business expansion. Where implemented, a franchisor licenses some or all of its know-how, procedures, intellectual property, use of its business model, brand, and rights to sell its branded products and services to a franchisee. In return, the franchisee pays certain fees and agrees to comply with certain obligations, typically set out in a franchise agreement. The word ''franchise'' is of Anglo-French derivation—from , meaning 'free'—and is used both as a noun and as a (transitive) verb. For the franchisor, use of a franchise system is an alternative business growth strategy, compared to expansion through corporate owned outlets or "chain stores". Adopting a franchise system business growth strategy for the sale and distribution of goods and services minimizes the franchisor's capital investment and liability risk. Franchising is rarely an equal partnership, especially in ...
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Jervis Centre
The Jervis Shopping Centre is a major shopping centre in Dublin, Ireland. Opened in 1996, the centre is located in the area bordered by Jervis Street, Upper Abbey Street, Mary Street, and Liffey Street. The centre has a total of 70 stores including clothing, food and electrical outlets. History The centre was built on a 12,000 m2 (3-acre) former hospital site, which was bought in 1994 at a cost of £5.97 million. The centre was built at a cost of £76 million. Most of the facade of the former Hospital was retained and incorporated into the Shopping Centre. The centre opened in 1996 and extends to 37,000 m2. The centre was originally anchored by Debenhams, Marks & Spencer and Tesco, and contains a 750-space car park. The property is located on Mary Street, one of Ireland's busiest streets. Although its main entrance is on Mary Street, the centre is named for the Jervis Street Hospital on whose site it was built following the hospital's closure in the late-1980s. The existing Ma ...
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Dublin
Dublin (; , or ) is the capital and largest city of Republic of Ireland, Ireland. On a bay at the mouth of the River Liffey, it is in the Provinces of Ireland, province of Leinster, bordered on the south by the Dublin Mountains, a part of the Wicklow Mountains range. At the 2016 census of Ireland, 2016 census it had a population of 1,173,179, while the preliminary results of the 2022 census of Ireland, 2022 census recorded that County Dublin as a whole had a population of 1,450,701, and that the population of the Greater Dublin Area was over 2 million, or roughly 40% of the Republic of Ireland's total population. A settlement was established in the area by the Gaels during or before the 7th century, followed by the Vikings. As the Kings of Dublin, Kingdom of Dublin grew, it became Ireland's principal settlement by the 12th century Anglo-Norman invasion of Ireland. The city expanded rapidly from the 17th century and was briefly the second largest in the British Empire and sixt ...
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Sainsbury's
J Sainsbury plc, trading as Sainsbury's, is the second largest chain of supermarkets in the United Kingdom, with a 14.6% share of UK supermarket sales. Founded in 1869 by John James Sainsbury with a shop in Drury Lane, London, the company was the largest UK retailer of groceries for most of the 20th century. In 1995, Tesco became the market leader when it overtook Sainsbury's, which has since been ranked second or third: it was overtaken by Asda from 2003 to 2014, and again in 2019. In 2018, a planned merger with Asda was blocked by the Competition and Markets Authority over concerns of increased prices for consumers. The holding company, J Sainsbury plc, is split into three divisions: Sainsbury's Supermarkets Ltd ( including convenience shops), Sainsbury's Bank, and Argos. As of 2021, the largest overall shareholder is the sovereign wealth fund of Qatar, the Qatar Investment Authority, which holds 14.99% of the company. It is listed on the London Stock Exchange and is a cons ...
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Lakeside Shopping Centre
Lakeside Shopping Centre, is a large out-of-town shopping centre located in West Thurrock, Essex just beyond the eastern boundary of Greater London. It was constructed on the site of a former chalk quarry. The first tenants moved into the complex in 1988 and it was completed in 1990, being opened on 25 October of that year by Princess Alexandra of Kent, Marcus Bradford and Angus Ogilvy. New spaces in the red car park were added as recently as October 2019. The shopping centre, in addition to the retail parks, forms one of the largest shopping areas in a single location within Europe, with almost of retail space on a site of . The community of Chafford Hundred has grown to the east of the centre since its opening. Its main rival is the Bluewater Shopping Centre in Greenhithe, Kent, just across the River Thames. The centre was rebranded as Intu Lakeside in 2013 following the renaming of parent Capital Shopping Centres as Intu. The centre was sold in 2020 after Intu went into a ...
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Broadway Shopping Centre, Bexleyheath
Broadway Shopping Centre, (branded as The Mall Bexleyheath from c. 2004 until reverting to its original name in 2009), is the principal covered shopping centre in the town centre of Bexleyheath and is the largest single covered shopping facility in the London Borough of Bexley. Whilst some parts of the centre opened in 1981, Woolworths being the first on 23 November,Bexleyheath observer 26 November 1981 https://c1.staticflickr.com/1/540/32477541576_88d1e8c752_b.jpg the centre was opened in its current form by Prince Philip, Duke of Edinburgh on the thirteenth of March 1984 and underwent an extensive refurbishment in 2007. It had been due to form part of a wider regeneration of the surrounding area of Bexleyheath over the coming years, which would have seen additional retail amenity, Bexley Council offices, a library and residential development adjacent to the existing building. However, in 2010, following the sale of the centre, its new owners confirmed the major expansion plan ...
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