All Restructures and receiverships articles – Page 2
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NewsPoundland’s ‘market-leading’ £3 meal deal off shelves until at least October
Sandwiches and other basic chilled lines have been missing from Poundland shelves for more than a week as it implements a restructure plan
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NewsPets Choice swoops for Kennelpak brands
Petfood manufacturer Pets Choice has swooped for several brands from collapsed wholesale petfood supplier and distributor Kennelpak
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NewsRoberts Bakery to close Derbyshire factory amid restructure
The Derbyshire site is responsible for manufacturing artisan and specialised bread and morning goods
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NewsPoundland restructure plan receives High Court approval
‘Today’s decision is vitally important for Poundland, allowing us to stabilise the business, securing the future of hundreds of stores and thousands of jobs,’ said Poundland MD Barry Williams
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NewsPoundland will run out of money in days if restructure plan is not approved, lawyer tells court
Tom Smith KC said: ‘The latest liquidity forecast shows that the group will run out of cash in the week ending 7 September 2025’
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Comment & OpinionWhat makes Poundland MD Barry Williams think the £1 concept can still work?
A pound today equates to 40p when Poundland first opened in 1990. So why is Williams still chasing the price point?
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NewsPoundland MD Barry Williams on returning to £1 basics to win back shoppers
Poundland has begun rebooting its store proposition as it prepares for the recovery phase of its turnaround
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NewsPoundland names the date it will stop selling online and close its loyalty app
The digital retreat is part of a restructuring process under new owner Gordon Brothers, the investment firm that bought Poundland from Pepco Group in June
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NewsTroy Foods deal secures future of Holmesterne Foods
Holmesterne had faced margin pressures stemming from high input costs across ingredients, packaging and its factories
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NewsVertical farming company Vertical Future appoints administrators
The London-based business was placed into administration on 12 August
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NewsPoundland confirms next 12 store closures, taking total to 52
They are among 68 stores set to close in a restructuring plan announced after Poundland’s sale by Pepco Group to investment firm Gordon Brothers in June.
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NewsWow Hydrate racked up nearly £50m in losses, report reveals
Wow Hydrate struck multimillion-pound sponsorship deals with big-name sports clubs and stars, such as Manchester United, Harry Maguire and Tyson Fury
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NewsMighty Drinks brand rescued by plant-based protein supplier The Mighty Kitchen
The Mighty Drinks brand will live on after administrators at the dairy-free milk alternatives business secured a sale to The Mighty Kitchen
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NewsPoundland closing 37 stores in August as restructuring plan gets underway
They are among 68 stores that were earmarked for closure in a restructuring plan announced in June
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NewsFormer Manchester United sponsor Wow Hydrate set for relaunch following administration
Replenish+ Ltd, which is connected to Wow Hydrate by a common director, agreed to rescue the brand, buying the business and assets as a going concern
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NewsJobs lost as dogfood supplier Kennelpak calls in administrators
Wholesale petfood supplier and distributor Kennelpak has been placed into administration, resulting in 51 job losses
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NewsRoberts Bakery to axe up to 250 jobs as part of factory restructure
Roberts Bakery is to radically restructure its factory in Cheshire after facing numerous challenges, with up to 250 staff facing redundancy
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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