All Restructures and receiverships articles – Page 17
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NewsIceland agrees to acquire 19 former Poundworld stores
15 stores will become Iceland stores and four will be turned into The Food Warehouse
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NewsGenesis Crafty bakery bought by Tayto boss in rescue deal saving 260 jobs
Family bakery, McErlian’s suffered “trading difficulties” in the past year and enterted administration earlier this week
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NewsErrington Cheese lays off remaining staff over e.coli dispute
”I simply cannot afford to pay their wages,” said owner Selina Cairns
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NewsSnack brands Pastinos and Raw Chocolate Co appoint administrators
Pastinos pasta snacks is on the market for a potential rescue deal, while Sussex-based The Raw Chocolate Co was bought from administration, saving a dozen jobs
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NewsCaution urged over reports 50 Poundworlds have been saved
Reports of a last-minute reprieve for the chain emerged after an Irish family issued statement saying administrators had accepted its bid for 50 stores
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NewsPoundworld staff told there's no bidder for remaining stores
Hopes had been raised that 171 stores could be saved by a last-ditch bid from Poundworld’s founder Chris Edwards
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NewsPoundworld founder Edwards hopeful 171 stores can be saved
Edwards said he had raised £25m to restock empty branches and warehouses
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NewsMuddle & Mash and London Cellar hire liquidators
High-end cocktail mixer manufacturer Muddle & Mash has closed its doors after profitability steeply declined
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NewsRemaining Poundworld stores scheduled for closure
The distribution centre in Normanton is to close tomorrow (20 July) and the remaining stores by 10 August
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NewsPoundworld stores to close on 6 August if no buyer is found
So far 25 stores have aleady closed with 80 set to shutdown on 22 July…
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NewsAnother 80 Poundworld stores to close with loss of 1,024 jobs
The closures will result in the loss of 1,024 jobs
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NewsPoundworld to close 25 stores leading to 242 redundancies
The affected stores will trade for their last day this Sunday (15 July) leading to the redundancies next Tuesday
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NewsPoundworld rescue talks collapse, says chain's founder
Chris Edwards said his best offer had proved lower than the minimum Deloitte was willing to accept
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NewsKPMG faces investigation over Conviviality accounts audit
The auditor has stressed it completed its work “appropriately”
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NewsPoundworld rescue deal 'further away' claims founder
‘My heart tells me I want to save the brand because we created it and my head is saying I think they’ve run it down too far’
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NewsPet goods supplier Petface rescued from administration
Petface appointed administrators BDO last week
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NewsPoundworld founder Chris Edwards looking to buy 186 stores
A decision is due to be announced by administrators Deloitte on whether a buyer has been secured or all 335 stores face closure
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NewsOrganic children's food brand Miniscoff in liquidation and seeking buyer
The Wiltshire-based company cited the loss of a major contract for its decision to cease trading 25 May
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NewsDart Valley Foods falls into administration
Hampshire-based condiments supplier Dart Valley Foods has fallen into administration.
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NewsPoundworld makes a third of head office staff redundant
The high street chain axed 98 of around 270 head office posts yesterday