All Restructures and receiverships articles
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NewsAsda restructures commercial team following job cuts
It has seen job roles widened, as well as the adoption of new titles across the buying team at Asda House
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NewsJollyes sales grow after ‘ambitious’ store and range investment
Jollyes is in the midst of an ambitious expansion plan to double its store estate over the next five years
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Analysis & FeaturesCo-op’s talent exodus: how can it navigate out of its crisis?
Amid fresh departures, questions swirl over Co-op’s new strategy and structure, leadership, performance and corporate governance
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NewsMorrisons reopening Market Street counters after customer feedback
The supermarket closed 70 of its meat and fish counters last year, but it’s now putting them back into stores after feedback from customers
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NewsAsda to cut 150 head office jobs to fuel turnaround plan
Asda is cutting 150 jobs across its Leeds head office, as it rushes to cut costs to fuel its turnaround plan
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NewsPoundstretcher closing major store in Powys as landlord serves notice
Landlords of more than 100 stores were given the option to exit leases when Poundstretcher’s restructure plan was approved by High Court earlier this month
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NewsHeineken shares buoyed by appointment of Rafael Oliveira as CEO
Heineken investors have reason to raise a glass at last, after the Dutch brewing multinational named JDE Peet’s boss Rafael Oliveira as its next chief executive and chairman
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Comment & OpinionWhy did Poundstretcher need a restructure and what’s the plan to turn it around?
Two years after its 2024 takeover, Poundstretcher is still in choppy waters, only narrowly being saved from administration last week
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NewsPoundstretcher restructure approved, saving chain from collapse
‘Today, our company is in a stronger position to continue investing in our stores, our people and the overall customer experience,’ said Poundstretcher CEO Andy Atkinson
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NewsBrace’s Bakery saved by Boparan Private Office
It complements other bakery assets owned by the poultry tycoon’s private investment office, including Roberts Bakery, which was acquired out of administration last year
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NewsAllplants owner Matthew Mills acquires Fairoak Foods out of administration
The deal to buy the business and assets, including a fully fitted and equipped 6,700 sq ft factory, of the Surrey-based private label food manufacturer saved the jobs of about 60 staff
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NewsNumber of late and unpaid invoices shoot up 50% in sector amid Iran war
Data from insurer Atradius showed a 50% month-on-month spike in claims in March, the first full month since the start of the Iran war
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NewsPoundstretcher creditors to vote today on restructure plan
A lawyer for Poundstretcher told the High Court earlier in May that Poundstretcher was likely to file for administration and sell off remaining stock if the plan was blocked
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NewsHolmesterne Foods rescue attempt fails
Holmesterne was served a winding-up petition by meat wholesaler GPS Food in late April 2026
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NewsTG Jones could shut up to 150 stores under restructuring plan
Parent company Modella Capital, which purchased WH Smith last year then rebranded stores to TG Jones, said the decision was due to ‘highly challenging trading conditions’
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Analysis & FeaturesCan John Vincent strike the right balance in Leon’s ‘new era’?
The founder is taking Leon back to its roots, but trends move quickly
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NewsSales dip at East of England Co-op as turnaround drives profit growth
The drop in turnover was party driven by a decision ‘to rationalise the trading estate to focus on driving higher profitability’
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Comment & OpinionSouthern Co-op’s merger must go ahead if it is to adapt and survive
Without intervention, Southern Co-op would likely not be able to continue trading in its current form, say CEO Ben Stimson and chair Janet Paraskeva
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NewsNestlé to slash 450 jobs in UK as part of turnaround plan
Nestlé UK is set to cut more than 450 jobs across the country as part of CEO Philipp Navratil’s restructure of the food manufacturing giant
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NewsSouthern Co-op warns of insolvency without merger
If members vote ‘no’, Southern Co-op said an external administrator would be appointed