Restructures and Receiverships – Page 14
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NewsMedia Bites 15 Jan: Patisserie Valerie, Coca-Cola, Nestlé
The private equity-backed management buyout to save collapsed cake chain Patisserie Valerie is unsurprisingly heavily covered in the papers this morning.
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NewsPatisserie Valerie sold to management in late-night deal
A deal was struck with administrators KPMG in the early hours of this morning
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NewsCity snapshot: Patisserie Valerie rescued via an MBO
Patisserie Valerie has been bought out of administration by the new management team. Plus, Nestlé is exploring sale options for its Herta charcuterie business and all the rest of the latest news from the City.
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NewsCity snapshot: Mike Ashley withdraws £15m bid for Patisserie Valerie
Sports Direct owner Mike Ashley has pulled out his bid for scandal-hit bakery chain Patisserie Valerie, activist investor Cat Rock has called on Just Eat to merge with a competitor, and the rest of the latest news from the City.
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Analysis and FeaturesFrom collapse to collapse: can Oddbins be saved a second time?
The off-licence chain’s turnaround was trashed by tax woes, changing shopper tastes, Brexit and steep competition. We ask whether Oddbins has a future?
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News100 potential bidders ran the rule over Patisserie Valerie
Around 100 potential bidders expressed an interest in rescuing stricken cake retailer Patisserie Valerie ahead of crunch talks this week, though reports warn the chain could be broken up.
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NewsOddbins forced to call in administrators again
The ailing chain has turned to administrators Duff & Phelps for aid, blaming the current squeeze on consumer confidence and surging costs
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NewsJobs at risk as Oddbins prepares to appoint administrators
The wine merchants is preparing to enter administration for the second time in eight years
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NewsPatisserie Valerie rescue talks planned for next week
Administrators for Patisserie Valerie and the chain’s management team are expected to meet potential bidders next week in a bid to strike a rescue deal for the collapsed cake retailer.
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NewsTesco confirms major restructure plans to staff
The UK’s biggest retailer is thought to be planning an overhaul of its fresh food counters and bakeries
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Comment and Opinion'Business as usual' as buyer sought for Patisserie Valerie
An “avalanche of names” have expressed an interest in collapsed cake specialist Patisserie Valerie
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NewsSamworth Brothers to close Kensey Foods dessert business
The proposed closure of the Launceston-based factory has put 650 jobs at risk
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NewsCrawshaw owed more than £15m after administration
Crawshaw Group shut 35 of its 54-store portfolio across the north and Midlands when it crashed into administration in October
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NewsOnline wine retailer WineDirect suspends trading after entering administration
Fermentation Ltd, the company behind WineDirect and JustInCases.co.uk, hired administrators last week
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Comment and OpinionPatisserie Valerie boss: ‘It’s business as usual’
To Steve Francis, who’s been brought in to turn Patisserie Valerie around, it’s “a bittersweet time”
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NewsPatisserie Valerie shutters 71 outlets at the cost of 920 jobs
Newly appointed administrator for collapsed Patisserie Holdings KPMG has confirmed that initial closures of loss-making outlets will lead to 920 job losses.
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NewsPatisserie Holdings collapses into administration
Patisserie Holdings, the owner of cake retailer Patisserie Valerie has announced it has fallen into administration after being unable to renew its banking facilities.
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NewsPatisserie Valerie locked in crisis talks
Last ditch talks to secure the future of café chain Patisserie Valerie are continuing.
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NewsPatisserie Valerie reveals “extensive” accounting misstatement
Patisserie Valerie has announced to the stock market it has found the misstatement in its accounts was “extensive” and involved “very significant manipulation”.
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NewsHartley's & Mulberrys off-licence owner appoints liquidators
Its creditor BNP Paribas Leasing Solutions petitioned to have the business wound up in December