13 July: the retail and hospitality sectors have been among the hardest hit by the lockdown measures. What are the warning signs for employees, suppliers and customers, and what can be done to prevent further closures? Liz Morrell reports.
Although retailers and the hospitality sector may now have mostly reopened, the economic fallout of the COVID-19 crisis means several high-profile brands have already entered administration, with some closing for good. Additional casualties are inevitable.
Understanding insolvency and restructuring in the retail and hospitality sectors was the subject of a webinar hosted recently by ICAEW, in conjunction with PwC insolvency partners Mike Jervis and Zelf Hussain.
The duo, who have worked on businesses …