All Restructures and receiverships articles – Page 21
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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
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NewsConviviality Retail unsecured creditors owed £31m at time of collapse
The retail arm of stricken alcohol business Conviviality went into administration with unsecured creditors of £31.3m, newly released documents have revealed.
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Analysis & FeaturesPoundworld: as rivals flourish, what went wrong?
In a year punctuated by high street insolvencies, the biggest so far in job loss terms loomed this week as Poundworld appinted administrators
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NewsPoundworld founder Chris Edwards in talks to buy back stores
The discounter collapsed into adminstration yesterday
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NewsPoundworld collapses into administration
Talks with potential buyer RCapital collapsed over the weekend, putting around 5,100 jobs at risk
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NewsPoundworld buys time with intention to appoint administrators
The process gives the chain 10 working days’ protection from creditors, after which an administrator will be appointed
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NewsProspective buyer of Poundworld reported to have withdrawn
Alteri Investors pulled out of negotiations within the last 24 hours, according to Sky News
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NewsTulip to cut 150 jobs in Bodmin as production levels fall
It comes as Young’s Seafood also confirms plans to close its Annan factory
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NewsSoulmate Food bought out of administration by Kettlebell Kitchen
Online healthy food delivery company Soulmate Food has been bought out of administration by health food supplier Kettlebell Kitchen, saving around 20 jobs
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NewsGressingham Foods buys Yorkshire Game in administration rescue deal
Wild meat producer Yorkshire Game has been bought by Gressingham Game after entering administration, saving 23 jobs