All Restructures and receiverships articles – Page 10
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NewsRescue planned for kids’ frozen brand Kiddyum following liquidation
Emergency rescue talks are taking place to secure the future of the frozen food brand
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NewsGolden Acre Food Group rescues Bagel Nash in pre-pack deal
Golden Acre Food Group has rescued Bagel Nash after the foodservice bagel supplier struggled to stay afloat during the coronavirus crisis.
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NewsCity snapshot: M&S to cut 7,000 jobs after Covid clothing and home sales slump
Marks & Spencer has announced it plans to cut around 7,000 roles over the next three months as a result of a “material shift in trade” due to the coronavirus outbreak. Plus, grocery growth slows as shopper behaviour returns back towards normal and all the rest latest news from the City.
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NewsCapital Cooling Refrigeration sold in pre-pack administration as Covid-19 chills business
Scotland-headquartered Capital Cooling Refrigeration was unsuccessful in its attempts to secure government support following financial difficulty caused by the pandemic
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NewsSamworth Brothers picks up Urban Eat sandwich brand from collapsed Adelie
The brand was sold to Samworth for £6.4m, following Adelie appointing Deloitte as administrator on 26 May
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NewsWH Smith to cut up to 1,500 jobs after coronavirus sales slump
The group said the costs associated with its restructure will be in the region of £15m-£19m
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NewsShopping centre giant Intu falls into administration
The owner of the Trafford Centre and Lakeside shopping centres has filed for administration after being unable to reach a refinancing deal with its lenders.
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NewsB&M offers hope to workers affected by Poundstretcher restructure
Poundstretcher’s rapidly growing rival said it wanted to hear from people affected by redundancy or restructures
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NewsMore than half of Poundstretcher’s estate at risk as company launches CVA
KPMG has confirmed that the fate of 253 of Poundstretcher’s 450 stores is dependent on their performance and landlord co-operation in the coming weeks
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NewsPoundstretcher to ‘close a quarter of stores’ following review
The high street discounter has already closed around 30 stores during lockdown, in some cases permanently
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NewsCity snapshot: Restaurant Group to close 125 Frankie and Benny’s sites via CVA
The Restaurant Group has announced its intention to close 125 Frankie and Benny’s restaurants and seek rent reductions for a further 85 sites after instigating a company voluntary arrangement.
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NewsBakkavor jobs at risk as supplier plans changes at Lincolnshire base
The prepared foods giant has revealed plans for major operational changes at the site, where it operates two salads factories, two meals factories and a distribution centre.
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NewsAdelie Foods rescue deal scuppered by competition concerns
The Grocer understands listed food-to-go giant Greencore had agreed a deal to take on Adelie as a going concern
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NewsCity snapshot: Greencore rescue package for Adelie scuppered by competition concerns
Competition concerns scuppered a rescue deal for the UK’s third-largest sandwich maker Adelie Foods resulting in its collapse and the loss of almost 2,200 jobs.
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NewsAdelie Foods ceases trading as rescue talks fail
The UK’s third-largest sandwich maker has permanently ceased trading after its administrator was unable to secure a swift rescue package
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NewsAdelie food-to-go customers up for grabs as it enters administration
The UK sandwich market is set for further consolidation into a duopoly after number three player Adelie fell into administration this week
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NewsDeloitte seeks buyer for Adelie as it falls into administration
Adelie has appointed administrator Deloitte after its business was hammered by the widespread closure of food-to-go outlets
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NewsBoparan seals deal to buy Carluccio’s from administration and save 800 jobs
Boparan Restaurant Group, the casual dining arm of 2 Sisters owner Boparan, has agreed a deal to rescue Italian chain Carluccio’s from administration and safeguard 800 jobs.
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NewsAvara Foods announces plan to close duck division
The poultry giant said the viability of the the former Cherry Valley Foods division had been ’seriously undermined’
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NewsPremier Foods shares rise on ‘elegant’ pensions restructure and coronavirus sales boost
The Mr Kipling producer revealed the results of its year-long strategic review on Monday…