Major UK retailer set to close 21 stores in blow to high street - 42 jobs at risk

Major UK retailer set to close 21 stores in blow to high street - 42 jobs at riskThe brand was founded in the 1980s, starting from a stall in Camden Market. Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Bookmark Add us as preferred source Comments By Katie Elliott, Consumer Editor 12:27, Wed, May 27, 2026 Updated: 12:28, Wed, May 27, 2026 Major UK retailer faces store closures (Image: Getty)Radley has been bought out of administration from the owners of Poundland in a deal which leaves the retailer’s shops at risk of closure. Gordon Brothers, which also owns LK Bennett, purchased the Radley brand, intellectual property and some assets in a pre-pack administration deal. window.scriptsToLoad.push({url:'https://live.primis.tech/live/liveView.php?s=118222&vp_content=plembed3a6btjknzwqh&cbuster=%%CACHEBUSTER%%&playerApiId=v118222',triggeredBy:'tcfLoaded',delay:1500,containerId:'ovp-primis',title:"Primis player",beforeLoad:()=>{window.top.addEventListener('primisPlayerInit',e=>{try{if(e.detail&&e.detail.playerApiId==="v118222"){if(window.document.getElementsByClassName('jwplayer')[0]){e.detail.float('disable')}}}catch(e){}})},}) However, the takeover does not include Radley’s retail operations, which include 21 stores across the UK. It confirmed that 42 jobs would also be lost “with immediate effect”, as a result. It came after Radley hired administrators from FTI on Tuesday after being hit by a slump in consumer demand and higher costs. Article continues below ADVERTISEMENT Get the day's biggest headlines in UK and World news and more Subscribe Invalid emailWe use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. Read our Privacy Policy Read more: Morrisons makes 'difficult decision' to close 100 stores Read more: Bank closure madness as Brits now facing 100-mile...