Restructures and Receiverships – Page 2
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NewsExpat favourite British Corner Shop enters administration
The Bristol-based online retailer has ceased trading with all 20 employees made redundant
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NewsPilgrim’s Pride brings in ‘boys from Brazil’ for ‘brutal’ £4.2bn restructure
The protein giant has created a new European executive team tasked with driving further integration of Moy Park, Pilgrim’s UK and Pilgrim’s Food Masters
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NewsSupreme acquires sports nutrition supplier FoodIQ UK from administration
Listed consumer goods group Supreme has acquired plant-based supplier FoodIQ UK from administration for £175k to broaden its portfolio
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NewsChristmas deadline set to find buyer for collapsed VBites
Administrators are racing to find a new buyer for Heather Mills’ vegan brand VBites before a Christmas deadline following its collapse into administration
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NewsHeather Mills’ vegan empire VBites calls in administrators
VBites, the vegan meat and cheese producer created by Heather Mills, has called in administrators after failing to attract new funding amid cost pressures
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NewsRenshaw acquired in rescue deal by British Bakels as parent Real Good Food collapses
Cake decoration brand Renshaw has been saved after a long-running turnaround attempt by owner Real Good Food failed, with the business rescued from administration by a Swiss bakery ingredients manufacturer. The deal saves 200 jobs.
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NewsReal Good Food hires recovery specialist as it sells off Rainbow Dust brand
Cake decoration specialist Real Good Food has sold its Rainbow Dust brand and hired an insolvency specialist to explore options for the remaining Renshaw business
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NewsUnion calls for Wilko owners to be grilled by MPs over chain’s collapse
GMB Union has called on the Business & Trade Select Committee to hold an emergency session to demand answers
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NewsAdministrators seeking buyer for The Crab Company Scotland
Administrators of premium Scottish shellfish processor The Crab Company are seeking a buyer for the business and assets.
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NewsWilko back online from today under new owner
Products across cleaning and household, decorating and DIY, garden and outdoor, homeware, pets and wildlife, storage and festive celebrations are available to order for home delivery
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NewsBlue Ocean owes suppliers £3m as it heads for liquidation
Third-party distributor Blue Ocean is on the brink of collapse and is set to leave suppliers facing losses of almost £3m, The Grocer has learned
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NewsDistressed deals boost M&A activity
A surge in distressed acquisitions has boosted dealmaking figures once again as difficulties in the meat-free and brewery industries led to a pick-up in M&A activity, according to a new report
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NewsCity snapshot: Wilko suppliers to miss out of majority of money owed
Wilko owed creditors more than £600m when it collapsed, with suppliers only likely to claw back a small percentage of money owed, according to documents from administrator PwC.
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Analysis and FeaturesWhat’s Hain Celestial’s plan and will brands be sold off?
‘Hain Reimagined’ will simplify operations and boost marketing
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NewsSustainable fresh producer OneFarm on brink of administration
Sustainable fresh producer OneFarm appears to be battling for survival having filed a notice of intention to appoint an administrator with the courts, The Grocer can reveal.
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NewsHain Celestial unveils new logo as it launches global restructuring drive
US CPG giant Hain Celestial has signalled a potential brand sell-off as it launched a formal restructuring effort in a bid to simplify the business and boost margins and long-term profitability
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Comment and OpinionWilko’s demise shows the importance of digital
Brand loyalty for traditional retailers today only really works when it spans the physical store and the online offering, says Julian Skelly, senior VP for retail at Publicis Sapient
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NewsAll Wilko stores to close by early October, with over 10,000 workers facing redundancy
The joint administrators said that despite extensive efforts, it had become clear no significant part of Wilko operations could be rescued as a going concern
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NewsB&M agrees to buy 51 Wilko stores as hopes for wider rescue fade
The announcement has been taken as a sign that a rescue of Wilko’s remaining 350 stores and brand is unlikely
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NewsUK food and drink insolvencies surge
The number of UK food and drink manufacturing companies entering insolvency has more than doubled over the past 12 months, according to research from management consultancy groups Inverto