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By Laura McGuire Over 2,000 retailers have gone bust in the last year, a new report has found, delivering another blow to the UK’s struggling retail sector. According to a study by Mazars, the international audit, tax and advisory firm, the number of insolvencies of retailers has increased 19 per cent in the past year to 2,195 in the year to 2024. Today’s report highlights the plight of the UK high street which has seen a number of brands plunged into hot water due to rising costs and shoppers spending less. High profile insolvencies include The Body Shop in February, as well as fashion brand …

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