Restructures and receiverships news & analysis – Page 21
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News
Liquidators appointed at scandal-hit Hebridean Sea Salt
Hebridean Sea Salt is set to be liquidated after being embroiled in a scandal over the authenticity of its product.
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Tasties of Chester rescue deal saves 188 jobs as former Adelie CEO takes over business
Almost 200 jobs have been saved at food-to-go operator Tasties of Chester after former Adelie Foods CEO Gavin Cox put together a rescue deal with administrators.
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Feel Free collapses as questions raised over finance history
The directors of gluten-free food maker Feel Free are facing bankruptcy proceedings
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99p Stores falls into administration
Poundland has placed 99p Stores into administration a little more than two years after the fixed-priced retail chain snapped up 250 stores from its rival
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High Noon Stores goes into administration after stores close
The Grocer understands that customers were experiencing issues with fuel shortages at several sites late last year
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Potato supplier Preva Produce slips into administration after challenging season
Preva Produce, a potato supplier for the likes of Walkers and Kettle, has fallen into administration after difficult end to 2016, leading to 20 redundancies
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Bristows and Tuckers bonbon maker saved from administration
Almost 75 jobs have been saved thanks to a rescue deal at the historic bonbon and toffee manufacturer behind the Bristows and Tuckers brands.
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Bernard Matthews sold in pre-pack administration to Ranjit Boparan
The deal safeguards 2,000 jobs, with all employees and agency staff all transferring across to the new owners, and the group will continue to trade as normal
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Sabana fruit supplier falls into administration
A supplier of pomegranates, kiwis and other exotic fruits to UK supermarkets has collapsed after rescue attempts failed.
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News
My Local's CEO apologises as company enters administration
My Local has closed 90 stores this week while 32 remain open
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Analysis and Features
What led My Local to teeter on edge of administration?
When Mike Greene took over the 130-strong Morrisons c-store estate in September, he was brimming with enthusiasm
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News
My Local briefs staff over possible administration
Convenience chain files a Notice of Intention to Appoint Administrators
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Scrubbys snapped up by ethnic food group from administration
Vegetable crisp brand Scrubbys has been acquired by an ethnic food manufacturer after filing for administration.
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Treasury Wine restructures business as exec departs
A senior executive at troubled Australian wine company Treasury Wine has stepped down, as it announced structural changes to its operation.
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Findus looks to restructure its finances with bond launch
Findus is exploring the replacement of £200m of mezzanine debt.
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Produce World splits in three amid corporate restructure
Veg supplier Produce World is changing its corporate structure and splitting into three new business units to better focus on the different needs of its root vegetable and brassicas customers.
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Dairy Crest restructures debts with one eye on growth
Dairy Crest is to use the proceeds from the sale of its French spreads business to reduce debt and make a £40m payment to its pension fund.
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3663 splits logistics and wholesale arms in restructure move
3663 First For Foodservice’s logistics arm has been split from the wholesale business by South African parent company Bidvest, creating a new company.
Bidvest Logistics took over deliveries on behalf of clients such as Burger King and… -
News
Waverley axes depots and jobs in restructure
Loss-making Waverley TBS is to axe 220 jobs and 12 depots as part of restructuring plans shown to The Grocer this week.The drinks wholesaler broke the news to staff earlier this month. "Our cost to serve is too high, our business too...