Restructures and Receiverships – Page 17
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NewsPoundworld founder Edwards hopeful 171 stores can be saved
Edwards said he had raised £25m to restock empty branches and warehouses
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NewsMuddle & Mash and London Cellar hire liquidators
High-end cocktail mixer manufacturer Muddle & Mash has closed its doors after profitability steeply declined
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NewsRemaining Poundworld stores scheduled for closure
The distribution centre in Normanton is to close tomorrow (20 July) and the remaining stores by 10 August
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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