Fenwick calls in restructuring experts as losses mount and costs rise

Fenwick has enlisted restructuring experts from AlixPartners to help address ongoing financial challenges, as the department store chain faces mounting losses and cost pressures.
The family-owned retailer, which operates eight department stores across the UK, reported a pre-tax loss of £38.1m for the year to January 2024, following a 5.2% decline in sales.
This comes after a £28.4m loss in the previous year, reflecting a broader decline in performance. The company has been in the red