Restructures and Receiverships – Page 20
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NewsPatisserie Valerie warns 'immediate cash injection' is needed
The crisis-hit owner of Patisserie Valerie has warned that an immediate cash injection is needed “for the business to continue” in its current form
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NewsPatisserie Valerie shares suspended after 'potential fraud'
Shares in Patisserie Valerie have been suspended after “significant, potentially fraudulent, accounting irregularities” were found by the café chain.
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NewsBanham Poultry rescued from administration saving 1,000 jobs
The family-run chicken producer was hit by a “perfect storm” of margin pressures from retailers and increases in feed prices
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NewsCity Snapshot: Unilever scraps plan to move HQ from London after investor opposition
Unilever has scrapped its plan to move its headquarters to the Netherlands after a groundswell of opposition from investors in the UK, Kettle Foods has made a loss in the UK amid immense competition for shelf space and the rest of the City news
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NewsFormer Russell Hume directors acquire butcher Nigel Fredericks
Nigel Fredericks Ltd fell into administration last month
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NewsPlantain crisp maker Bmac up for sale after administration
The Afro-Caribbean food producer hired administrators Greenfield Recovery this month, who are hoping to complete a sale “within weeks”.
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Analysis & FeaturesWhy are UK shareholders revolting against Unilever's restructuring plans?
A row is brewing over Unilever’s plans to scrap its dual British-Dutch structure and shift to a single corporate HQ in the Netherlands. The Grocer looks at the key issues
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NewsGilberts Foods falls into administration
The Heysham-based business appointed Cowgill Holloway Business Recovery as administrator on 4 September…
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NewsNatural Drinks Co ceases trading after failed investment
The company was wound up after hiring liquidators BDO last month, but hopes to secure funding to resurrect its brands in the future
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NewsBibendum PLB ditches European business after 'strategic review' by new owner C&C
Bibendum said it “decided to focus exclusively on our core customers”
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NewsFreshways ceases production of Dairystix and closes Plympton plant
The business had become ‘unviable’, said Freshways MD Bali Nijjar
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NewsIceland agrees to acquire 19 former Poundworld stores
15 stores will become Iceland stores and four will be turned into The Food Warehouse
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NewsGenesis Crafty bakery bought by Tayto boss in rescue deal saving 260 jobs
Family bakery, McErlian’s suffered “trading difficulties” in the past year and enterted administration earlier this week
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NewsErrington Cheese lays off remaining staff over e.coli dispute
”I simply cannot afford to pay their wages,” said owner Selina Cairns
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NewsSnack brands Pastinos and Raw Chocolate Co appoint administrators
Pastinos pasta snacks is on the market for a potential rescue deal, while Sussex-based The Raw Chocolate Co was bought from administration, saving a dozen jobs
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NewsCaution urged over reports 50 Poundworlds have been saved
Reports of a last-minute reprieve for the chain emerged after an Irish family issued statement saying administrators had accepted its bid for 50 stores
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NewsPoundworld staff told there's no bidder for remaining stores
Hopes had been raised that 171 stores could be saved by a last-ditch bid from Poundworld’s founder Chris Edwards
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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