Restructures & receiverships

curries

Simano Foods rescued from administration Subscription

11 May 2018 | By Henry Saker-Clark

Simano hired administrators after suffering “unforeseen losses” on a number of major contracts over the past year…

Goa Beer

Goa lager brand collapses with over £1m in debts Subscription

27 Apr 2018 | By Daniel Woolfson

None of its creditors are likely to recieve a penny

Poundworld Merry Shopping Centre-web

Poundworld set to close a third of its UK stores

26 Apr 2018 | By Steve Farrell

The discounter is reported to be planning the closure of c100 of its 335 UK stores, putting up to 1,500 jobs at risk

Nila web

Wholesaler Nila fails with loss of 29 jobs Subscription

26 Apr 2018 | By Alec Mattinson

The £17m-sales wholesaler, based in Southall near Heathrow, was established in 1994

Gist Holytown Lanarkshire - Arla

Brexit cost prompts Arla to launch €400m efficiency drive Subscription

20 Apr 2018 | By Henry Saker-Clark

The dairy co-op said it was losing between €100m and €150m a year from commodity price and currency volatility

meat food crime

City snapshot: Russell Hume creditors hopeful of returns from collapsed meat wholesaler's £23.2m assets Subscription

13 Apr 2018 | By Alec Mattinson

Creditors of scandal-hit meat wholesaler Russell Hume are set to receive 60p-80p in the pound on their debts as the collapsed business had assets of £23.2m before its collapse.

Single Use - Russell Hume

Russell Hume 'in good financial health' before collapse Subscription

12 Apr 2018 | By Kevin White

The supplier held £13.6m-worth of food stock, had no secured debt in place, and had £9.6m cash at the bank

Bargain Booze

Conviviality confirms £7.25m retail sale to Bestway Subscription

09 Apr 2018 | By Andrew Don

Stricken Conviviality has confirmed the £7.25m sale of Conviviality Retail to Bestway, including the Bargain Booze, Select Convenience, Wine Rack and Central Convenience chains.

Conviviality

City snapshot: Conviviality confirms C&C Group wholesale deal Subscription

05 Apr 2018 | By Andrew Don

Conviviality put out a statement after hours confirming it had sold its Conviviality Direct business to C&C Group after putting the division into administration with PWC. Plus, Ahold Delhaize CEO to step down and all the latest news from the City.

Matthew Clark

C&C Group completes Matthew Clark and Bibendum rescue Subscription

04 Apr 2018 | By Alec Mattinson

Magners owner C&C Group has completed a deal to assume full ownership of the Matthew Clark and Bibendum wholesale businesses belonging to beleaguered Conviviality.

Bargain Booze resize

Conviviality receivership marks another wholesale tragedy

29 Mar 2018 | By Adam Leyland

Investors were being asked to risk more money for Conviviality while having zero visibility about future leadership

scotch whisky

As Conviviality administration looms, who are the likely buyers? Subscription

29 Mar 2018 | By Adam Leyland, Daniel Woolfson

Sources close to the situation claim numerous suitors have expressed an interest

Bargain Booze

Media Bites 29 March: Conviviality, Reckitt Benckiser, Coca-Cola Subscription

29 Mar 2018 | By Andrew Don

Bargain Booze and Wine Rack owner Conviviality has failed to raise £125m required to resolve its cash crisis

bargain booze store

City snapshot: Conviviality files notice to appoint administrators Subscription

29 Mar 2018 | By Andrew Don

Conviviality has announced the board intends to appoint administrators within 10 business days, GfK’s Consumer Confidence Index increased three points in March and all the other news from the City

Bargain Booze

Conviviality on the brink after failing to raise £125m

28 Mar 2018 | By Daniel Woolfson

Shareholders expected to receive “little-to-no value”

marks fish

Five Star Fish faces closure as 2 Sisters consults on 'heavily loss-making' business

28 Mar 2018 | By Julia Glotz

Nearly 400 staff at the Grimsby-based operation are now facing redundancy

fresh to store van

City Snapshot: Kerryfresh collapses due to cashflow issues Subscription

27 Mar 2018 | By Andrew Don

Fresh to Store, trading as Kerryfresh, has collapsed into administration, AG Barr sees strong profit growth, Diageo appoints Ursula Burns as interim executive chairman and the other news from the City

Kerryfresh

Kerryfresh calls in administrators after cashflow problems Subscription

26 Mar 2018 | By Andrew Don

Fresh to Store completed an MBO from Kerry Foods in February 2015

bargain booze store

City snapshot: Conviviality seeks £125m from investors to save the business Subscription

22 Mar 2018 | By Andrew Don

Conviviality has announced an equity placing to raise £125m in a bid to recapitalise the business – without which it said it was “unlikely” to be able to continue. Plus on a busy day in the City, Produce Investments back in profit, protein woes weigh on 2 Sisters, Reckitt pulls out of Pfizer talks and all the rest of the news from the City.

Countrywide

Countrywide Farmers hopes for rescue after Mole Valley deal collapse Subscription

19 Mar 2018 Updated: 19 Mar 2018 | By Peter Taberner

Administrators are searching for a buyer for Countrywide Farmers Group’s retail business following the collapse of its proposed takeover by Mole Valley Farmers after the CMA blocked the deal.

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