'When the tide goes out you see who has been swimming naked' - restructuring partners on the turmoil on the high street

As more high street names collapse into administration, restructuring partners weigh in on the sector's woes

“Retail is a troubled sector in large parts of the developed world and that is not something that is going to go away,” says Allen & Overy (A&O) head of global restructuring Ian Field of the growing number of well-known names set to disappear from UK high streets. “We are closely monitoring a number of retail situations at the moment and I would imagine that is set to continue.”

The collapse into administration of both Toys R Us and Maplin yesterday (28 February) followed months of turbulence on the high street, with 2018 kicking off with a string of high-profile restructurings and administrations.

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