Arrow Global announces quarterly results

9th November 2016 Consumer Collections |

Arrow Global Group PLC has announced is results for the nine months ended 30 September 2016 (“Q3 2016”). Tom Drury, Group chief executive officer of Arrow Global said “Arrow Global continues to expand its European footprint and client offering across attractive markets where the Group is targeting leadership positions. This coupled with a high-quality and diversified…

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Administrators appointed to American Apparel

9th November 2016 Commercial Credit Management |

 Jim Tucker and Richard Beard of KPMG LLP were appointed joint administrators of American Apparel (UK) Ltd and American Apparel (Carnaby) Ltd   The companies run the UK retail and wholesale operations of the US branded high street fashion retailer American Apparel. The UK business trades from 13 stores. American Apparel’s brand and US business is…

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Stepchange: Regulation has not fixed the payday loan market

9th November 2016 Consumer Collections |

Nearly two years on from tough regulations implemented by the Financial Conduct Authority, the payday loan market continues to show signs of irresponsible lending and poor treatment of people in financial difficulty, according to a new report from StepChange Debt Charity. The proportion of people coming to the charity with payday loan debts has fallen from…

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