All Restructures and receiverships articles – Page 3
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NewsCity snapshot: Wilko suppliers to miss out of majority of money owed
Wilko owed creditors more than £600m when it collapsed, with suppliers only likely to claw back a small percentage of money owed, according to documents from administrator PwC.
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Analysis and FeaturesWhat’s Hain Celestial’s plan and will brands be sold off?
‘Hain Reimagined’ will simplify operations and boost marketing
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NewsSustainable fresh producer OneFarm on brink of administration
Sustainable fresh producer OneFarm appears to be battling for survival having filed a notice of intention to appoint an administrator with the courts, The Grocer can reveal.
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NewsHain Celestial unveils new logo as it launches global restructuring drive
US CPG giant Hain Celestial has signalled a potential brand sell-off as it launched a formal restructuring effort in a bid to simplify the business and boost margins and long-term profitability
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Comment and OpinionWilko’s demise shows the importance of digital
Brand loyalty for traditional retailers today only really works when it spans the physical store and the online offering, says Julian Skelly, senior VP for retail at Publicis Sapient
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NewsAll Wilko stores to close by early October, with over 10,000 workers facing redundancy
The joint administrators said that despite extensive efforts, it had become clear no significant part of Wilko operations could be rescued as a going concern
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NewsB&M agrees to buy 51 Wilko stores as hopes for wider rescue fade
The announcement has been taken as a sign that a rescue of Wilko’s remaining 350 stores and brand is unlikely
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NewsUK food and drink insolvencies surge
The number of UK food and drink manufacturing companies entering insolvency has more than doubled over the past 12 months, according to research from management consultancy groups Inverto
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NewsUnion concerned would-be Wilko rescuers have had ‘difficulty engaging’ with administrators
In a letter to business secretary Kemi Badenoch, GMB national secretary Andy Prendergast called for an urgent meeting to establish how the government could support Wilko workers
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NewsWilko hopes fade as administrators confirm there is no buyer for the group
GMB Union has warned ‘the majority of Wilko stores are to close within weeks’
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NewsCity snapshot: Majority of Wilko stores to close within a week, union warns
The GMB Union has warned its members that the majority of Wilko stores will close within a week after a purchase of the discount retailer fell through
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NewsRaheem Sterling-backed online grocer Oja enters administration
Founder Mariam Jimoh said the company faced ‘operational difficulties’ and an ‘unexpected dip in Q1 revenues’
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News‘Genuine hope’ for Wilko, says GMB Union
GMB National Secretary Andy Prendergast said he could confirm there was hope for “at least some parts of the business” after meeting administrators
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NewsAdministrators going over bids for collapsed Wilko
The outcome of the process is set to be decided within days, as 12,000 employees wait to learn if they face redundancy
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Analysis and FeaturesHow did high street favourite Wilko come to collapse?
Suppliers and experts say the discounter was hobbled by inconsistent leadership, weak store locations and having ‘no strategy whatsoever’
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NewsLoveSeitan throws in the towel as shoppers renounce seitan
LoveSeitan, which supplied plant-based products to the likes of Tesco, Sainsbury’s and Aldi, has ceased trading after slower-than-expected take-up of seitan as a meat alternative
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Analysis and FeaturesAre we witnessing the death of craft beer?
As an unprecedented number of breweries close down, what does this mean for the future of the craft beer category and its place in the supermarkets?
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NewsMeatless Farm European losses totalled €20m, new bankruptcy report reveals
Meatless Farm racked up losses of almost €20m (£17.1m) in just more than three years of operating in Europe, a new bankruptcy report in the Netherlands has revealed
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NewsPlant & Bean owed creditors £6m at time of administration
Failed meat alternative manufacturer Plant & Bean ran up losses of at least £7m in just two years of trading and owed creditors more than £6m when it collapsed earlier this year, new documents have revealed.
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NewsNumber of food and drink business administrations soars in first half
The number of failures in the sector is on track to more than double year on year, according to new figures