Restructures and receiverships news & analysis – Page 16
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News
Poundworld and Bargain Buys brands sold by administrator
All of Poundworld’s intellectual property assets have been sold to the Leeds-based company New Money
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Peyton & Byrne Bakeries split up in rescue deal
Peyton & Byrne Bakeries, the retail chain and wholesale bakery co-founded by Great British Menu judge Oliver Peyton, has been split-up in a rescue deal after it entered administration.
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Peyton & Byrne Bakeries falls into administration
The bakery chain co-founded by Great British Menu judge Oliver Peyton has entered administration.
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News
City Snapshot: Peyton & Byrne Bakeries files for administration
The bakery chain co-founded by Great British Menu judge Oliver Peyton, Peyton & Byrne Bakeries, has entered administration two years after a previous collapse. Plus all the rest of the latest news from the City.
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News
The Authentic Food Co to close Dundalk factory with up to 170 job losses
The Manchester-based world food producer has appointed liquidators for its Irish manufacturing arm
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Media bites 18 October: Patisserie Valerie, food inflation, Unilever
Bosses of crisis-hit cake chain Patisserie Valerie could be hauled before parliament after a shock £40million black hole was uncovered in its accounts
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Media bites 15 October: Patisserie Valerie, Young's, Unilever
Patisserie Valerie, the British café chain that has found a potential fraud on its accounts, had used up £9.7m on two separate bank credit lines without the board’s knowledge
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Media Bites 12 October: Patisserie Valerie, WH Smiths, Obesity
Patisserie Valerie is on the brink of collapse after the café chain’s parent company said it would be unable to keep trading without an immediate injection of capital
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Patisserie 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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News
Patisserie 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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Banham 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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City 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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News
Former Russell Hume directors acquire butcher Nigel Fredericks
Nigel Fredericks Ltd fell into administration last month
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Plantain 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 and Features
Why 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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Russell Hume administrators destroyed £8.5m-worth of meat stock
KPMG said the figure was likely to rise further once the FSA’s ongoing investigation into potential criminal activity at Russell Hume was completed
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News
Gilberts Foods falls into administration
The Heysham-based business appointed Cowgill Holloway Business Recovery as administrator on 4 September…
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News
Natural 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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Bibendum 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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Freshways ceases production of Dairystix and closes Plympton plant
The business had become ‘unviable’, said Freshways MD Bali Nijjar