KPMG news and archive

400,000 jobs could be lost from English high streets post-Covid

Some 400,000 jobs could be lost across England’s high streets post-Covid as an acceleration of online shopping and new work-from-home habits are expected to drive down footfall, new research suggests. According to a report by KPMG, a drop in commuter flow in England could range from over a tenth to under a third of commuter footfall seen...

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Business

Vanners bought out of administration

Sudbury-based textiles manufacturer, Silk Industries that trades as Vanners, has been bought out of administration by businessman Roger Gawn. Vanners, which develops and manufactures silk fabrics and products for the luxury menswear, fashion and furnishing markets, fell into administration on November 9, 2020. Silk Industries appointed James...

Business

House of Holland enters administration

House of Holland, once a staple at London Fashion Week, has entered administration, following news earlier this week that founder and creative director Henry Holland was stepping down from the label to become a brand consultant. Management consultancy firm KPMG has confirmed that Will Wright and Steve Absolom from its restructuring practice were...

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People

Henry Holland to exit label

British designer Henry Holland has announced that he is stepping back from the House of Holland fashion brand he founded in 2006, after asking management consultancy firm KPMG to see new investors. Holland, who shot to fame with his cheeky, slogan T-shirts and became a London Fashion Week staple, has said that he is looking to become a brand...

Business

Mothercare calls in restructuring experts from KPMG

Maternity and babywear specialist Mothercare has called in advisors from accountancy firm KPMG to discuss options for the company, a move that raises concerns for the future of 2,500 employees across 79 stores. A Mothercare spokesperson said: “Our immediate priority is to complete the transformation of the business with a near-term focus on...

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Business

UK market regulator fines KPMG over improper Ted Baker audit

London - The UK's Financial Reporting Council (FRC) has imposed a 3 million pounds on senior partner at KPMG over misconduct during the auditing of fashion retailer Ted Baker. The British market regulator fined accountants KPMG three million pounds and reprimanded and fined senior partner Michael Francis Barradell for misconduct related to...