Restructures and receiverships news & analysis

Poundworld administrator's sale

Poundworld stores to close on 6 August if no buyer is found Subscription

16 Jul 2018

So far 25 stores have aleady closed with 80 set to shutdown on 22 July…

Poundworld closing down sale

Another 80 Poundworld stores to close with loss of 1,024 jobs Subscription

16 Jul 2018 | By Steve Farrell

The closures will result in the loss of 1,024 jobs

Poundworld closing down sale

Poundworld to close 25 stores leading to 242 redundancies Subscription

10 Jul 2018 | By Steve Farrell

The affected stores will trade for their last day this Sunday (15 July) leading to the redundancies next Tuesday

Palmer & Harvey

Imperial and JTI may struggle to recover P&H loans Subscription

09 Jul 2018 | By Ronan Hegarty

PwC said tobacco suppliers could expect between 0% and 58% of the £66.1m they were due

Chris Edwards

Poundworld rescue talks collapse, says chain's founder Subscription

04 Jul 2018 | By Steve Farrell

Chris Edwards said his best offer had proved lower than the minimum Deloitte was willing to accept

Booze

KPMG faces investigation over Conviviality accounts audit Subscription

03 Jul 2018 | By Daniel Woolfson

The auditor has stressed it completed its work “appropriately”

Chris Edwards

Poundworld rescue deal 'further away' claims founder Subscription

03 Jul 2018 | By Steve Farrell

‘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’

Petface dog dental sticks

Pet goods supplier Petface rescued from administration Subscription

29 Jun 2018 | By Henry Saker-Clark

Petface appointed administrators BDO last week

Chris Edwards

Poundworld founder Chris Edwards looking to buy 186 stores Subscription

25 Jun 2018 | By Steve Farrell

A decision is due to be announced by administrators Deloitte on whether a buyer has been secured or all 335 stores face closure

Miniscoff frozen kids shepherds pie

Organic children's food brand Miniscoff in liquidation and seeking buyer Subscription

22 Jun 2018 | By Henry Saker-Clark

The Wiltshire-based company cited the loss of a major contract for its decision to cease trading 25 May

Butler's Grove

Dart Valley Foods falls into administration Subscription

22 Jun 2018 | By Alec Mattinson

Hampshire-based condiments supplier Dart Valley Foods has fallen into administration.

Poundworld administrator's sale

Poundworld makes a third of head office staff redundant

19 Jun 2018 | By Steve Farrell

The high street chain axed 98 of around 270 head office posts yesterday

bargain booze

Conviviality Retail unsecured creditors owed £31m at time of collapse Subscription

15 Jun 2018 | By Alec Mattinson

The retail arm of stricken alcohol business Conviviality went into administration with unsecured creditors of £31.3m, newly released documents have revealed.

Poundworld

Poundworld: as rivals flourish, what went wrong? Subscription

15 Jun 2018 | By Steve Farrell

In a year punctuated by high street insolvencies, the biggest so far in job loss terms loomed this week as Poundworld appinted administrators 

poundworld

Poundworld founder Chris Edwards in talks to buy back stores Subscription

12 Jun 2018 | By Steve Farrell

The discounter collapsed into adminstration yesterday

Poundworld store front

Poundworld collapses into administration Subscription

11 Jun 2018 | By Steve Farrell

Talks with potential buyer RCapital collapsed over the weekend, putting around 5,100 jobs at risk

Poundworld aisle

Poundworld buys time with intention to appoint administrators Subscription

07 Jun 2018 | By Steve Farrell

The process gives the chain 10 working days’ protection from creditors, after which an administrator will be appointed

Poundworld Merry Shopping Centre-web

Prospective buyer of Poundworld reported to have withdrawn Subscription

06 Jun 2018 | By Steve Farrell

Alteri Investors pulled out of negotiations within the last 24 hours, according to Sky News

Danish Crown china

Tulip to cut 150 jobs in Bodmin as production levels fall

04 Jun 2018 | By Kevin White

It comes as Young’s Seafood also confirms plans to close its Annan factory

Soulmate Food

Soulmate Food bought out of administration by Kettlebell Kitchen Subscription

04 Jun 2018 | By Henry Saker-Clark

Online healthy food delivery company Soulmate Food has been bought out of administration by health food supplier Kettlebell Kitchen, saving around 20 jobs

yorkshire game

Gressingham Foods buys Yorkshire Game in administration rescue deal Subscription

01 Jun 2018 | By Henry Saker-Clark

Wild meat producer Yorkshire Game has been bought by Gressingham Game after entering administration, saving 23 jobs

DIRECTORY

The+Grocer+Directory

CLICK HERE to search for the products, services and companies you need in the definitive guide to the UK food and drink industry.

Need more than 5 subscriptions? Make your life easier with a Corporate Account. Find out more.

FOLLOW THE GROCER


-

 
Yes!I want to read more     CLAIM FREE TRIAL NOW
 
Sign up to a 30 day free trial
CLAIM FREE TRIAL NOW