All Restructures and receiverships articles – Page 5
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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
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Comment & OpinionPlant-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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NewsMeatless 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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NewsHeather 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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NewsVibrant 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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NewsFoodhak 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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NewsMara 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 & FeaturesThe 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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NewsVFC 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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NewsFarmison 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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NewsMeatless 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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NewsVegan 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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NewsOscar 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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NewsBelazu 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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NewsMeatless 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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NewsFramptons 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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NewsPlanet 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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NewsMamamade 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.