All Restructures and receiverships articles – Page 9
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NewsCity Snapshot: McColl’s confirms talks with banks to save it from collapse
McColl’s has confirmed it is talks with lenders as the c-store chain seeks to raise fresh capital to prevent it falling into administration. Plus, full-year results from Kitwave Group and a half-year trading update from Associated British Foods.
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NewsQuantock Brewery rescued from administration
Somerset Ales, a microbrewery trading under the Quantock Brewery brand, has been saved from administration
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NewsLivia’s rescued from administration after Covid struggles
Free-from snack brand Livia’s has been bought out of administration by investment firm S-Ventures after struggling to stay afloat throughout the pandemic.
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Comment & OpinionHow did it all go so wrong for Farmdrop?
Farmdrop was a small business operating like a giant, and a Covid-driven rise in demand hiked costs, too
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NewsFarmdrop report lifts lid on administration with suppliers and investors to lose millions
Farmdrop suppliers, lenders, staff and shareholders are set to lose out on millions of pounds as a result of the online grocer’s dramatic Christmas collapse
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NewsInflationary pressure set to lead to an increase in restructuring activity in 2022, warns EY
Supply chain disruption and soaring inflation hit the retail and food & drink industries particularly hard in the latter part of 2021
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NewsCity snapshot: UK companies in financial distress on the rise
The number of UK companies in significant financial distress is rising as government support is withdrawn from beleaguered businesses, according to business advisory firm Begbies Traynor.
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NewsInflation and supply chain disruption lead to wave of profit warnings in 2021
Profit warnings at retailers and food & drink suppliers accounted for a third of all warnings issued by UK listed companies in 2021 as supply chain disruption and spiralling inflation hit at the back end of the year
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NewsAustralian brewer Lion to sell Fourpure and Magic Rock after “difficult” two years
The business had encountered “difficult trading conditions over the past two years” in the UK, said Lion
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NewsFarmdrop staff weigh up legal action following collapse
Staff at failed online grocer Farmdrop are considering taking legal action against the company amid allegations it failed to properly consult employees during the redundancy process
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NewsCarlsberg Marston’s to close London Fields Brewery with view to sale
The move “in no way reflects upon the hard work and dedication” put into building the brand, said CMBC boss Paul Davies
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NewsDanone UK&I gets major restructure with James Mayer as new president
Danone will combine its four category businesses into one unit - resulting in some redundancies
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NewsSimtom Food Products calls in administrators as Covid takes toll
Indian sauces manufacturer Simtom Food Products has collapsed under the weight of disruption caused by the Covid pandemic, with almost 100 workers losing their jobs.
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NewsInterpath Advisory appoints former Tesco director as special advisor for fmcg clients
Restructuring practice Interpath Advisory has appointed consumer market and retail specialist Christine Cross as a special advisor
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NewsSamworth Brothers axes Sci-Mx sports nutrition business
AIM-listed Supreme Imports has acquired the rights to use the brand name
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NewsWholesaler Serious Foods rescued from administration
Serious Foods, which has supplied ingredients to the hospitality and restaurant industry for a decade, has been bought by First Choice Produce
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NewsEx Thorntons chair regrets sale to Ferrero
Ferrero this week said the remaining 61 Thorntons shops would not reopen when lockdown lifts next
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NewsYo Sushi reports blow to supermarket sales as well as restaurants
Yo Sushi’s supermarket push has been hit by the pandemic in a further blow for the retailer, whose restaurant arm has undergone a CVA.
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NewsCVA rent cuts are usually addressing out-of-date charges, argues BRC
The consortium was responding to fresh claims from the British Property Federation that retailers are abusing CVAs
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NewsConfectionery manufacturer Bon Bon Buddies winds up
Confectionery manufacturer Bon Bon Buddies has voluntarily wound up the business after being placed into liquidation by its creditors