All Restructures and receiverships articles
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NewsUnion ‘deeply concerned Poundland is being pushed into administration’
Usdaw said it had persistently sought talks with Gordon Brothers to no avail and feared a decision could be made on Poundland’s fate as soon as Tuesday
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NewsMarkets have absorbed initial Iran shock better than feared, analysis shows
Healthier business in the finance and tech industries supported a recovery in the third quarter, after the Middle East conflict threatened supply chains, energy prices and raw material supplies in the summer
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NewsParson’s Nose buys Farmison in bid to revive DTC brand
Upmarket butcher’s Parson’s Nose will revive Farmison after securing a deal to buy the shuttered brand from Vestey Holdings
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NewsGreggs shares soar on upgraded profit guidance and cost-cutting
Greggs’ share price has hit its highest point in more than a year, after the high street stalwart upgraded its profit guidance and unveiled major cuts to its manufacturing base
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NewsTilray CEO praises ‘very supportive’ UK retailers as BrewDog turnaround kicks off
The CEO of Tilray Brands has praised the UK’s ‘very supportive’ retailers for maintaining distribution of BrewDog’s beers amid the brand’s administration and forced sale
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NewsGreggs to cut more than 700 jobs in manufacturing rethink
Greggs said the cuts, ‘while difficult, were necessary’ to keep a lid on manufacturing costs
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NewsMorrisons begins pharmacy sell-off as cost-cutting continues
Morrisons hopes to have sold dozens of pharmacies by early next year as part of its cost-cutting turnaround plan
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NewsLittle Moons CEO hails turnaround amid bounce back to profitability
Fresh accounts for the frozen mochi maker showed it jumped to a £940k operating profit last year
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NewsDiageo reveals new CFO to replace Nik Jhangiani in 2027
Joanne Wilson, currently CFO at WPP, will take up the role from “some time in 2027”
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NewsMorrisons turnaround ‘delivering’ after 15th quarter of sales growth
Morrisons grew sales for the 15th consecutive quarter in a row, in its latest third quarter results
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NewsSauce Shed ceases trading ahead of winding-up hearing
It leaves claimants potentially unable to recover funds they claim to be owed by Sauce Shed for failing to deliver on its contracts
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NewsMorrisons puts 80 more jobs at risk in latest restructure
It is the fifth round of redundancies at Morrisons this calendar year as part of Rami Baitiéh’s turnaround plan
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NewsPlanet Organic losses narrow after year of ‘significant improvement’
The turnaround marked ‘a really good effort’, MD Mark Broomfield told The Grocer
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NewsNestlé agrees $1bn sale of vitamins, minerals and supplements business
Nestlé has sold off the greatest part of its vitamins, minerals and supplements (VMS) business in a $1bn (£0.7bn) carve-out
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NewsKosher bakery State Fayre to return after phoenix sale
The bakery was sold out of insolvency to a former director, preserving 25 jobs
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NewsMorrisons cut 5,000 jobs last year amid losses of nearly £1bn
It followed a restucture of Morrisons’ Rathbones Bakery and the ending of newspaper deliveries from stores
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Comment & OpinionSustained growth for Diageo is the real test for Dave Lewis
Nine months into the CEO job at Diageo, ‘Drastic’ Dave Lewis has applied a familiar strategy
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NewsRanjit Boparan strikes Muscle Food rescue deal to add to meat empire
Boparan Private Office acquired the business and assets of Muscle Foods Ltd from administrators at insolvency firm Mackay Goodwin
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NewsTreasury Wine Estates profits slump amid US write-off
The group’s overhaul of its US business – including the closure of vineyards and brands, and the disposal of inventory – made up the greatest part of the write-offs
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NewsMorrisons losses hit nearly £1bn despite sales growth
Morrisons blamed unexpected ‘headwinds’ to the tune of £200m in costs from Rachel Reeves’ autumn 2024 budget, and the impact from a cyberattack which crippled its supply chain in the run-up to Christmas 2024.