The UK retail industry is having a difficult time of it. And when it comes to some high street brands, that’s an understatement. Similar to   the US and Europe, retailers across Britain are dealing with soaring borrowing costs, shrinking savings accounts and a cost-of-living crisis that’s limiting consumer spending. This means more retailers may soon be on the brink of insolvency.

In this week’s episode of In the City, hosts David Merritt and Francine Lacqua are joined by reporters Katie Linsell and Giulia Morpurgo, who discuss big names that have already gone bust—like   Matalan and   Paperchase—and others that may be at risk.  Plus, reporter Leigh-Ann Gerrans gives a tour of the retail scene around the City. 

Get The Brink newsletter, chronicling corporate distress and turnaround stories. Sign up now: https://www.bloomberg.com/account/newsletters/the-brink

The UK retail industry is having a difficult time of it. And when it comes to some high street brands, that’s an understatement. Similar to <a href="bbg://news/stories/RPPWX1DWX2PT" data-web-url="https://www.bloomberg.com/news/newsletters/2023-02-07/retail-distress-hits-companies-like-bed-bath-beyond-bbby-party-city-prty" data-cke-saved-href="bbg://news/stories/RPPWX1DWX2PT"> the US and Europe</a>, retailers across Britain are dealing with soaring borrowing costs, shrinking savings accounts and a cost-of-living crisis that’s limiting consumer spending. This means more retailers may soon be on the brink of insolvency. In this week’s episode of In the City, hosts David Merritt and Francine Lacqua are joined by reporters Katie Linsell and Giulia Morpurgo, who discuss big names that have already gone bust—like <a href="bbg://news/stories/ROKZ8IDWRGG0" data-web-url="https://www.bloomberg.com/news/articles/2023-01-16/invesco-man-glg-to-take-over-uk-retailer-matalan-in-debt-deal" data-cke-saved-href="bbg://news/stories/ROKZ8IDWRGG0"> Matalan</a> and <a href="bbg://news/stories/RPCMVWDWX2PW" data-web-url="https://www.bloomberg.com/news/articles/2023-01-31/tesco-agrees-to-buy-ailing-paperchase-stationery-brand" data-cke-saved-href="bbg://news/stories/RPCMVWDWX2PW"> Paperchase</a>—and others that may be at risk.  Plus, reporter Leigh-Ann Gerrans gives a tour of the retail scene around the City.  Get The Brink newsletter, chronicling corporate distress and turnaround stories. Sign up now: <a href="https://www.bloomberg.com/account/newsletters/the-brink" data-destination="rte:bind">https://www.bloomberg.com/account/newsletters/the-brink</a>

Get ahead of the trends and conversations that are shaping the City of London. Join Bloomberg's Francine Lacqua, Allegra Stratton and Dave Merritt every Thursday as they uncover the best stories and speak to the people in the know. 

Get ahead of the trends and conversations that are shaping the City of London. Join Bloomberg's Francine Lacqua, Allegra Stratton and Dave Merritt every Thursday as they uncover the best stories and speak to the people in the know.

Every week, Francine Lacqua and David Merritt go behind the scenes in the City of London, uncovering stories and speaking to the people that matter.

In the City

Get ahead of the trends and conversations that are shaping the City of London. Join Bloomberg's Francine Lacqua, Allegra Stratton and David Merritt every Thursday as they uncover the best stories and speak to the people in the know. 

Get ahead of the trends and conversations that are shaping the City of London. Join Bloomberg's Francine Lacqua, Allegra Stratton and David Merritt every Thursday as they uncover the best stories and speak to the people in the know.

In The City

Is Britain’s High Street Going Broke?

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/6edb45c0-a661-40e9-be25-afa301615d3c/transcript

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