All Restructures and receiverships articles – Page 2
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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
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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