Restructures and Receiverships – Page 19
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News
Specialist Italian wholesaler Guidetti goes into liquidation
The company has been voluntarily wound up by its owners
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News
Arla to end cheese production in Wales
Up to 154 jobs could be lost as part of a strategic review of its cheesemaking division
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Simano Foods rescued from administration
Simano hired administrators after suffering “unforeseen losses” on a number of major contracts over the past year…
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News
Goa lager brand collapses with over £1m in debts
None of its creditors are likely to recieve a penny
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News
Poundworld set to close a third of its UK stores
The discounter is reported to be planning the closure of c100 of its 335 UK stores, putting up to 1,500 jobs at risk
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Wholesaler Nila fails with loss of 29 jobs
The £17m-sales wholesaler, based in Southall near Heathrow, was established in 1994
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Brexit cost prompts Arla to launch €400m efficiency drive
The dairy co-op said it was losing between €100m and €150m a year from commodity price and currency volatility
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City snapshot: Russell Hume creditors hopeful of returns from collapsed meat wholesaler's £23.2m assets
Creditors of scandal-hit meat wholesaler Russell Hume are set to receive 60p-80p in the pound on their debts as the collapsed business had assets of £23.2m before its collapse.
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News
Conviviality confirms £7.25m retail sale to Bestway
Stricken Conviviality has confirmed the £7.25m sale of Conviviality Retail to Bestway, including the Bargain Booze, Select Convenience, Wine Rack and Central Convenience chains.
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City snapshot: Conviviality confirms C&C Group wholesale deal
Conviviality put out a statement after hours confirming it had sold its Conviviality Direct business to C&C Group after putting the division into administration with PWC. Plus, Ahold Delhaize CEO to step down and all the latest news from the City.
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News
C&C Group completes Matthew Clark and Bibendum rescue
Magners owner C&C Group has completed a deal to assume full ownership of the Matthew Clark and Bibendum wholesale businesses belonging to beleaguered Conviviality.
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Comment & Opinion
Conviviality receivership marks another wholesale tragedy
Investors were being asked to risk more money for Conviviality while having zero visibility about future leadership
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Analysis & Features
As Conviviality administration looms, who are the likely buyers?
Sources close to the situation claim numerous suitors have expressed an interest
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News
Media Bites 29 March: Conviviality, Reckitt Benckiser, Coca-Cola
Bargain Booze and Wine Rack owner Conviviality has failed to raise £125m required to resolve its cash crisis
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City snapshot: Conviviality files notice to appoint administrators
Conviviality has announced the board intends to appoint administrators within 10 business days, GfK’s Consumer Confidence Index increased three points in March and all the other news from the City
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News
Conviviality on the brink after failing to raise £125m
Shareholders expected to receive “little-to-no value”
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News
Five Star Fish faces closure as 2 Sisters consults on 'heavily loss-making' business
Nearly 400 staff at the Grimsby-based operation are now facing redundancy
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City Snapshot: Kerryfresh collapses due to cashflow issues
Fresh to Store, trading as Kerryfresh, has collapsed into administration, AG Barr sees strong profit growth, Diageo appoints Ursula Burns as interim executive chairman and the other news from the City
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News
City snapshot: Conviviality seeks £125m from investors to save the business
Conviviality has announced an equity placing to raise £125m in a bid to recapitalise the business – without which it said it was “unlikely” to be able to continue. Plus on a busy day in the City, Produce Investments back in profit, protein woes weigh on 2 Sisters, Reckitt pulls out of Pfizer talks and all the rest of the news from the City.
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News
Countrywide Farmers hopes for rescue after Mole Valley deal collapse
Administrators are searching for a buyer for Countrywide Farmers Group’s retail business following the collapse of its proposed takeover by Mole Valley Farmers after the CMA blocked the deal.