Today in News History
On July 13, several notable moments in the history of News stand out. In 1913, Mærsk Mc-Kinney Møller, Danish businessman (died 2012) was born. In 1922, Martin Dies Sr., American journalist and politician (born 1870) passed away. In 1933, David Storey, English author, playwright, and screenwriter (died 2017) was born. In 1934, Peter Gzowski, Canadian journalist and academic (died 2002) was born. In 1977, New York City: Amidst a period of financial and social turmoil experiences an electrical blackout lasting nearly 24 hours that leads to widespread fires and looting. In 1979, Craig Bellamy, Welsh footballer was born. In 1990, Lenin Peak disaster: a 6.4-magnitude earthquake in Afghanistan triggers an avalanche on Lenin Peak, killing 43 climbers in the deadliest mountaineering disaster in history. In 2010, George Steinbrenner, American businessman (born 1930) passed away. In 2011, Mumbai is rocked by three bomb blasts during the evening rush hour, killing 26 and injuring 130. In 2016, Prime Minister of the United Kingdom David Cameron resigns, and is succeeded by Theresa May. Together, these milestones provide historical context for today's news news and ongoing narratives.
Major British high street brand's collapse leaves creditors facing £3million losses as 1,300 jobs disappear

Claire's Accessories UK has been left owing almost £20million to creditors after falling into administration, with around 1,300 employees losing their jobs following the closure of its remaining stores.The jewellery and accessories retailer shut its final 154 stores across Britain and Ireland in April, bringing an end to its high street presence.Administrators have now revealed creditors are expected to lose around £3million following the collapse.The company's 356 concession locations and headquarters were not affected when directors appointed administrators from Kroll in January. TRENDING Stories Videos Your Say Philip Dakin, Benjamin Wiles and Janet Burt were appointed as joint administrators to oversee the process.It marks another setback for Britain's high street as retailers continue to face challenging trading conditions.The administrators' report outlined a series of measures directors pursued in an effort to return the business to profitability.These included initiatives to increase revenue, reduce costs and improve cash flow.The company also attempted to negotiate lower rents with landlords, exit unprofitable stores and secure agreements with new concession partners.The administrators said: Notwithstanding the above financial and operational turnaround measures, ultimately the cash flow and profitability of the company had been significantly impacted by the inability to secure negotiated rent reductions with the bulk of the company's landlords, resulting in the trading positions of those sites needing to be re-assessed.The report also said one of the retailer's major concession partners had indicated it intended to terminate its agreement, further reducing the company's expected cash flow.According to the administrators, weaker-than-expected trading during the final quarter of 2025, combined with subdued consumer confidence, contributed to the retailer's collapse.LATEST DEVELOPMENTS:HMRC alert: Self-employed and landlords set to face new Labour monthly payment tax systemAndy Burnham inheritance tax plans could raise death duty to 50 and cost families £53,000 moreDWP confirms 'biggest pension reforms for a generation' as millions to get £29,000 retirementThe administrators said growing competition from low-cost overseas online retailers had also affected the company's performance.They said the events leading to the administration included lower than anticipated trading performance, largely attributable to a combination of macroeconomic factors and changing market trends with low-cost and overseas online retailers gaining market share in the jewellery and accessories sector.It concluded that these combined pressures proved too significant despite the turnaround measures introduced by management.Claire's was founded in the United States in 1961 and is headquartered in Chicago.The retailer entered the UK market in 1995 after acquiring Bow Bangles, which operated 71 stores at the time.Its parent company, Claire's Holdings LLC, began bankruptcy proceedings in the US Bankruptcy Court in Delaware during 2025.Claire's Accessories UK first entered administration in August 2025, when Christopher Pole and William Wright of Interpath were appointed as joint administrators.Modella Capital later acquired the majority of the company's business operations and assets in a deal worth £3.6million.Among the stores that closed were branches in Didcot, Witney and Oxford Westgate, while the Banbury area had already lost two Claire's stores the previous year. Our Standards: The GB News Editorial Charter
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Coverage bias distribution
29 sources
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Related coverage for "Major British high street brand's collapse leaves creditors facing £3million losses as 1,300 jobs disappear": Metro — ‘Aisle strokers’ are the filthy shoppers plaguing UK supermarkets. The Real Deal — Soloviev’s Billionaires’ Row refi tops May’s biggest loans. Seeking Alpha — Tesco: Britain's Premier Supermarket Has Further Upside. JOE.co.uk — Major high street retailer to close 150 stores as restructuring plan approved. Daily Mail — I make up to £12,000 a MONTH selling high street clothes on Vinted...and I'm sharing all my insider secrets so you can cash in too. Investing.com — After the fracture: how Britain’s financial industry recovered from Brexit. OpsLens — WATCH: The moment big-box store roof collapses on customers * WorldNetDaily * by WND Staff. Yonhap News Agency — Homeplus temporarily closes outlets starting Monday. The West Australian — Administrators appointed for Logan Paul and KSI’s Prime drinks brand’s Australian company. The Economic Times — Companies fold back discounts . The Daily Wire — WATCH: Insane Moment BJ’s Ceiling Caves In On Shoppers. Malay Mail — Company in Ipoh loses RM970,000 after clerk duped by WhatsApp scam posing as boss. The News Letter — Missed Prime Day? MySweetSmile has extended its biggest sale – with up to 59% off and a free whitening pen. Wired — 17 Last Minute Prime Day Apple Deals on iPads, Macs, and More. Us Weekly — I Scoured Walmart's Top 100 Deals — These 17 Gems Are *Actually* Worth It. NDTV — Avenue Supermarts Q1 Results: D-Mart Operator Reports In-Line Quarter; Profit Rises 13%. Bisnow News — Saks' Parent Exits Bankruptcy With New Name, Fewer Stores. Mashable — We found 15+ Prime Day deals on MicroSD and portable SSDs: How to fight RAMageddon. BNO News — Roof partially collapses at New Jersey store, briefly trapping 2. The Register — Brit supermarket giant triples down on facial recog to nab shoplifters. Inc.com — Bed Bath & Beyond Wants Your Old Coupons—but There’s a $100,000 Catch. Salon — Private equity is hungry for Pizza Hut. The Motley Fool — Nvidia Stock Is Now Cheaper Than Coca-Cola. Here's the Math.. Kitchn — I’ve Never Seen Prime Deals This Good — Here’s What We’re Buying from Caraway, KitchenAid, and More!. Commercial Observer — PwC’s Move to Century City Is Another Blow to Downtown L.A.. CNET — Apple Abruptly Raises Prices on Many Products. MacBook Neo Jumps to $699. Irish Star — These post-Prime Day deals prove the best bargains haven't disappeared yet. People.com — The Can't-Miss Fourth of July Clothing Sales Are Happening at Talbots, Chico's, Vuori, and Loft — Shop Styles from $15. The Japan Times — After the fracture: how Britain’s financial industry recovered from Brexit


