Restructures and receiverships news & analysis – Page 9
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NewsCarlsberg Marston’s to close London Fields Brewery with view to sale
The move “in no way reflects upon the hard work and dedication” put into building the brand, said CMBC boss Paul Davies
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NewsDanone UK&I gets major restructure with James Mayer as new president
Danone will combine its four category businesses into one unit - resulting in some redundancies
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NewsSimtom Food Products calls in administrators as Covid takes toll
Indian sauces manufacturer Simtom Food Products has collapsed under the weight of disruption caused by the Covid pandemic, with almost 100 workers losing their jobs.
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NewsInterpath Advisory appoints former Tesco director as special advisor for fmcg clients
Restructuring practice Interpath Advisory has appointed consumer market and retail specialist Christine Cross as a special advisor
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NewsSamworth Brothers axes Sci-Mx sports nutrition business
AIM-listed Supreme Imports has acquired the rights to use the brand name
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NewsWholesaler Serious Foods rescued from administration
Serious Foods, which has supplied ingredients to the hospitality and restaurant industry for a decade, has been bought by First Choice Produce
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NewsEx Thorntons chair regrets sale to Ferrero
Ferrero this week said the remaining 61 Thorntons shops would not reopen when lockdown lifts next
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NewsYo Sushi reports blow to supermarket sales as well as restaurants
Yo Sushi’s supermarket push has been hit by the pandemic in a further blow for the retailer, whose restaurant arm has undergone a CVA.
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NewsCVA rent cuts are usually addressing out-of-date charges, argues BRC
The consortium was responding to fresh claims from the British Property Federation that retailers are abusing CVAs
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NewsConfectionery manufacturer Bon Bon Buddies winds up
Confectionery manufacturer Bon Bon Buddies has voluntarily wound up the business after being placed into liquidation by its creditors
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NewsFreixenet Copestick buys wine merchant Jascots from administration
The on-trade wine supplier called in the administrators at the end of November after months struggling to keep afloat
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NewsKellogg’s to close RX Bar protein bar business in the UK
RX Bar will continue to be sold in the US and Canada
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NewsCovid forces closure of Chiltern Foods
The business closed at the end of October with all 28 jobs lost
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NewsWholesalers Dovey Premium Products and Brookside Foods collapse in wake of lockdown
Two family-owned meat wholesalers have been forced to cease trading after suffering a business collapse during the pandemic
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NewsCity snapshot: Revolution Bars files for CVA to close sites as coronavirus savages revenues
Revolution Bars has launched a company voluntary arrangement to close a number of bars and reduce rents after its revenues have collapsed due the coronavirus
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NewsBoparan rescues burger chain GBK from administration
2 Sisters owner Boparan has continued its push into casual dining, with the rescue of the GBK burger brand from administration
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Comment and OpinionSupermarkets are not immune from retail closure contagion
Small businesses deserve the right to day-one payment, says Paul Christensen of Previse
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NewsAlbert Bartlett completes Kiddyum brand rescue deal
Albert Bartlett said it would continue to work with Kiddyum’s current listings, which include Sainsbury’s, Ocado, Co-op and Nisa,
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NewsRescue planned for kids’ frozen brand Kiddyum following liquidation
Emergency rescue talks are taking place to secure the future of the frozen food brand
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NewsGolden Acre Food Group rescues Bagel Nash in pre-pack deal
Golden Acre Food Group has rescued Bagel Nash after the foodservice bagel supplier struggled to stay afloat during the coronavirus crisis.