Retail and hospitality braces for a bleak winter as covid-19 takes its toll

Posted On: 22nd December 2020
Retail and hospitality braces for a bleak winter as covid-19 takes its toll
  • Number of retailers in ‘significant’ distress leaps 24% in Q4 2020
  • Nearly 11,500 online retail operators now facing financial difficulties
  • Hospitality struggling with 34% increase in significant distress for hotels & accommodation and 18% increase for bars & restaurants


In the run-up to Christmas, new data from leading insolvency firm, Begbies Traynor, has revealed the full impact of the Covid-19 crisis and tough trading conditions, which shows that nearly 40,000 (39,232) retailers – including both online and bricks and mortar stores – are now in significant financial distress.

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Posted By: BTG Global Advisory

Posted On: 22nd December 2020

BTG Global Advisory is one of the world’s largest specialist independent financial advisory alliances.