go under, goes into administration, in administration

Zavvi placed into administration Music, games and DVD retail chain Zavvi goes into administration following the problems at Woolworths. Why did Zavvi go under? Last-minute discounts on offer Whittard sold to private equity

Retailer Morgan in administration

Morgan has been seeking a sale since the start of 2008

French women's clothing store chain Morgan has gone into administration, the latest retailer to be hit by the sharp fall in consumer spending.

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go under (FAIL) phrasal verb
If a company goes under, it fails financially:
The charity will go under unless a generous donor can be found within the next few months.


administration
n.

1. The act or process of administering, especially the management of a government or large institution.
2. The activity of a government or state in the exercise of its powers and duties.
3. often Administration
   1. The executive branch of a government.
   2. The group of people who manage or direct an institution, especially a school or college.
4. The term of office of an executive officer or body.
5. Law. Management and disposal of a trust or estate.
6. The dispensing, applying, or tendering of something, such as an oath, a sacrament, or medicine.

administrative ad·min'is·tra'tive (-strā'tĭv, -strə-) adj.
administratively ad·min'is·tra'tive·ly adv.