Restructures and Receiverships – Page 4
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News
Union concerned would-be Wilko rescuers have had ‘difficulty engaging’ with administrators
In a letter to business secretary Kemi Badenoch, GMB national secretary Andy Prendergast called for an urgent meeting to establish how the government could support Wilko workers
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News
Wilko hopes fade as administrators confirm there is no buyer for the group
GMB Union has warned ‘the majority of Wilko stores are to close within weeks’
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News
City snapshot: Majority of Wilko stores to close within a week, union warns
The GMB Union has warned its members that the majority of Wilko stores will close within a week after a purchase of the discount retailer fell through
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News
Raheem Sterling-backed online grocer Oja enters administration
Founder Mariam Jimoh said the company faced ‘operational difficulties’ and an ‘unexpected dip in Q1 revenues’
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News
‘Genuine hope’ for Wilko, says GMB Union
GMB National Secretary Andy Prendergast said he could confirm there was hope for “at least some parts of the business” after meeting administrators
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News
Administrators going over bids for collapsed Wilko
The outcome of the process is set to be decided within days, as 12,000 employees wait to learn if they face redundancy
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Analysis & Features
How did high street favourite Wilko come to collapse?
Suppliers and experts say the discounter was hobbled by inconsistent leadership, weak store locations and having ‘no strategy whatsoever’
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News
LoveSeitan throws in the towel as shoppers renounce seitan
LoveSeitan, which supplied plant-based products to the likes of Tesco, Sainsbury’s and Aldi, has ceased trading after slower-than-expected take-up of seitan as a meat alternative
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Analysis & Features
Are we witnessing the death of craft beer?
As an unprecedented number of breweries close down, what does this mean for the future of the craft beer category and its place in the supermarkets?
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News
Meatless Farm European losses totalled €20m, new bankruptcy report reveals
Meatless Farm racked up losses of almost €20m (£17.1m) in just more than three years of operating in Europe, a new bankruptcy report in the Netherlands has revealed
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News
Plant & Bean owed creditors £6m at time of administration
Failed meat alternative manufacturer Plant & Bean ran up losses of at least £7m in just two years of trading and owed creditors more than £6m when it collapsed earlier this year, new documents have revealed.
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News
Number of food and drink business administrations soars in first half
The number of failures in the sector is on track to more than double year on year, according to new figures
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Comment & Opinion
Plant-based is likely to see consolidation and rationalisation, not obliteration
Another week, another plant-based exit. Samworth Brothers has become the latest to pull the plug on its vegan operation
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News
Meatless Farm administration report lifts lid on collapse
Meatless Farm owed creditors more than £2m when it collapsed last month, according to a report, which also revealed how much vegan rival VFC paid to rescue brand
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News
Heather Mills picks up Plant & Bean meat alternatives factory from administration
Mills – the founder of plant-based group VBites – purchased the Lincolnshire factory and associated equipment from administrators at Interpath for an undisclosed sum
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News
Vibrant Foods undertakes refinancing after heavy losses
World foods specialist Vibrant Foods has undertaken a multimillion-pound refinancing after ’operational challenges’ resulted in the group falling to significant losses.
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News
Foodhak acquires The Pure Package and Balance Box from liquidation to expand offering
Ayurvedic ready meal business Foodhak has acquired healthy meal delivery business The Pure Package and sister company Balance Box out of liquidation
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News
Mara Seaweed administrators urgently seeking rescue for seasonings brand
The Scottish seaweed brand is on the verge of closing its doors as administrators seek a rescue deal to save the business
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Analysis & Features
The inside story of Meatless Farm’s rise and fall
Meatless blamed an investor pullout, but others attribute the brand’s ‘unbelievably bad’ numbers to poor management
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News
VFC confirms rescue of Meatless Farm
The Meatless Farm brand in the UK will be retained to complement and diversify VFC’s range of frozen plant-based chicken products