All Restructures and receiverships articles
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NewsRetail distress surges to highest level since financial crisis
Tight credit conditions, cost inflation and weak consumer demand have contributed to a sharp rise in financial distress in the sector
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Comment & OpinionIt’s too late for Mighty but plant-based is bouncing back
Mighty Drinks has joined the unenviable ranks of plant-based brands going to the wall – but there’s more to the story than failure
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NewsMighty Drinks hopes for rescue deal after calling in administrators
Mighty Drinks has collapsed into administration, with specialists at recovery firm Interpath searching to put together a rescue deal to save the milk alternatives brand
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Comment & OpinionPoundland is right to ditch frozen food – it is in no position to take on Aldi and Lidl
Turning around Poundland will not be easy, so it shouldn’t be surprising that its plan includes some fairly drastic measures
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NewsPoundland confirms restructure plan, with up to 150 stores to close
Poundland’s frozen and digital distribution centre at Darton, South Yorkshire, is set to close later this year under the plan, followed by its national distribution centre at Springvale in Bilston, West Midlands, in early 2026
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NewsPoundland owner Pepco completes sale of struggling retailer for nominal sum
Poundland MD Barry Williams will continue to lead the business under the new ownership of the retail-focused investment firm Gordon Brothers
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NewsBabease ceases trading as organic babyfood brand’s owner calls in liquidators
It is not the first time the business has been forced to call in insolvency practitioners, with Babease previously saved in a pre-pack administration deal in 2019
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NewsAvara Foods appoints new CEO to succeed departing Andy Dawkins
Andy Dawkins will remain as a non-executive director of Avara Foods Holdings
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Analysis & FeaturesWhy so many food startups fail and what founders learn
No one wants to talk about the possibility of failure. But there is much to learn from the entrepreneurs who risked it all and didn’t come out on top
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NewsVertical farming giant Jones Food Company appoints administrators
The Lydney, Gloucestershire-based business closed its doors on Monday 7 April with 61 staff made redundant
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InterviewsRenée Elliott’s story of Planet Organic’s ‘miracle’ turnaround
Planet Organic founder Renée Elliott says her return to rescue the business is ‘the hardest I’ve ever worked’. So how has she got it back on track? And what’s needed to complete the ‘fairy tale’?
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NewsCheesegeek sold in pre-pack administration deal as backer Steven Bartlett loses out
Artisan online cheesemonger Cheesegeek has been rescued from administration by the Albex Group, The Grocer can reveal. However, the pre-pack deal means Steven Bartlett and other backers, including the crowd, won’t see a return on their investment
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NewsGrubby set to relaunch Allplants ready meals range thanks to IP deal
Vegan recipe kit brand Grubby is preparing to relaunch the Allplants range of plant-based meals after swooping to pick up the exclusive rights to the failed company’s recipes and manufacturing methods
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Analysis & FeaturesWhat does Ella Mills’ Allplants purchase mean for ailing plant-based category?
Ella Mills injected a much-needed dose of optimism into the ailing plant-based category last week as she picked up Allplants from administrators
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NewsGunna Drinks collapse leaves wake of angry crowd investors behind
Craft soft drinks brand Gunna has collapsed into administration, with crowd investors staring at losses of almost £4m as a result
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NewsElla Mills picks up Allplants before natural plant-based push
The Deliciously Ella founder has bought the Allplants brand out of administration to combine with her Plants business and act as a springboard to create a ‘natural, plant-based powerhouse’
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NewsBritish Corner Shop eyes expansion and new wholesale division
The expat favourite platform selling British goods worldwide was recently revived by two young entrepreneurs
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NewsWholegood creditors facing multimillion-pound losses
Wholegood owed creditors more than £7m when founder Carl Saxton-Pizzie saved the business in a pre-pack administration just before Christmas, new documents have revealed
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NewsAllplants creditors owed £13m as administrators continue attempt to sell off assets
Allplants creditors are set to suffer a significant shortfall to the more than £13m owed when the vegan ready meals brand collapsed last year
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NewsTyphoo Tea creditors owed £100m with PE owner taking large hit
Typhoo Tea owed creditors close to £100m at the time of its collapse late last year, with its private equity owner taking a massive hit, new documents from administrators have revealed