All Restructures and receiverships articles – Page 4
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Comment and Opinion
Plant-based is likely to see consolidation and rationalisation, not obliteration
Another week, another plant-based exit. Samworth Brothers has become the latest to pull the plug on its vegan operation
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News
Meatless Farm administration report lifts lid on collapse
Meatless Farm owed creditors more than £2m when it collapsed last month, according to a report, which also revealed how much vegan rival VFC paid to rescue brand
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News
Heather Mills picks up Plant & Bean meat alternatives factory from administration
Mills – the founder of plant-based group VBites – purchased the Lincolnshire factory and associated equipment from administrators at Interpath for an undisclosed sum
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News
Vibrant Foods undertakes refinancing after heavy losses
World foods specialist Vibrant Foods has undertaken a multimillion-pound refinancing after ’operational challenges’ resulted in the group falling to significant losses.
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News
Foodhak acquires The Pure Package and Balance Box from liquidation to expand offering
Ayurvedic ready meal business Foodhak has acquired healthy meal delivery business The Pure Package and sister company Balance Box out of liquidation
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News
Mara Seaweed administrators urgently seeking rescue for seasonings brand
The Scottish seaweed brand is on the verge of closing its doors as administrators seek a rescue deal to save the business
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Analysis and Features
The inside story of Meatless Farm’s rise and fall
Meatless blamed an investor pullout, but others attribute the brand’s ‘unbelievably bad’ numbers to poor management
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News
VFC confirms rescue of Meatless Farm
The Meatless Farm brand in the UK will be retained to complement and diversify VFC’s range of frozen plant-based chicken products
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News
Farmison hires retail veteran Andy Adcock as new CEO
The upmarket online retailer has also partnered with rapid delivery business Gopuff, 50 days after it was relaunched by ex-Asda boss Andy Clarke
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News
Meatless Farm set to enter administration as all staff made redundant
Loss-making Meatless Farm is set to collapse into administration after a desperate search for new investment to save the plant-based brand proved fruitless
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News
Vegan foods manufacturer Plant & Bean falls into administration
Meat alternatives supplier Plant & Bean has filed for administration after soaring costs and operational disruptions hit trading
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News
Oscar Mayer is taken over by lender following financial restructure
UK ready meals supplier Oscar Mayer has been taken over by its institutional lender following a financial restructuring, documents show
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News
Belazu adds miso to line up with Miso Tasty acquisition
Miso Tasty founder Bonnie Chung remains part of the business and is working with Belazu on the integration and transition, while all staff have also transferred across to the new owner.
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News
Meatless Farm hires Kroll to save its plant-based skin
The Leeds-headquartered business has hired advisors at the restructuring and insolvency specialist to run an early options process in a bid to save the brand
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News
Framptons seeks £5m cash injection after supply chain shocks
Recovery specialists at Resolve have been drafted in to explore options at the business, including finding a potential buyer.
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News
Planet Organic founder Renée Elliott commits to a food-based future
In an interview with The Grocer, Elliott discussed the new management team’s vision for the business, rebuilding supplier trust and how she pulled off the deal
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News
Mamamade closes doors as cost of living crisis affects trading
DTC plant-based baby food brand Mamamade has ceased trading after losing a battle with soaring costs and lower demand.
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News
Revived Farmison starts phased reopening of meat business
The upmarket online butcher was rescued from administration by ex-Asda boss Andy Clarke last month
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News
Morrisons’ plastic recycling plant falls into administration
The Grocer understands the administrator has spoken to several interested parties, with a formal deadline for bids tomorrow (5 May)
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News
Coffee logs supplier Bio-Bean collapses following on-site fire
The supplier, which makes fuel from recycled coffee grounds, appointed KRE Corporate Recovery as administrator this month