Restructures and Receiverships – Page 6
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NewsPurearth collapses following cash squeeze as pressure intensifies on SMEs
The business, which sold a wide range of organic health drinks, appointed insolvency firm Begbies Traynor on 20 October 2022 following a meeting of creditors last week
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NewsCity News: Naked Wines shares bounce back after admitting ‘mistakes’ in strategy
Announcing the result of its strategic review on Thursday, Naked said it had ‘reshaped’ its strategic plans
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NewsCity snapshot: Naked Wines to pivot to profit focus after ‘mistakes’ chasing growth
Naked Wines has cut growth expectations and pledged to cut costs and staffing levels to prioritise the bottom line after admitting it has “made mistakes” in the pursuit of rapid growth
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NewsDoisy & Dam rescued from administration by Nurture Brands in pre-pack deal
Nurture Brands has rescued Doisy & Dam from administration, continuing its buy-and-build strategy and expanding its sustainable plant-based consumer products offering into the confectionery category
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NewsThe Vegan Kind sold in administration pre-pack deal to current owner
The Vegan Kind has been bought out of administration by a business associated with its current owner following a downturn in trading and soaring costs
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NewsCity snapshot: British Honey Co puts itself up for sale
Listed honey and spirits producer British Honey Co has launched a formal sales process amid the need for cash by the end of November
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NewsTree of Life and Health Store suppliers £20m out of pocket following collapse
Hundreds of suppliers have been left almost £20m out of pocket by the collapse of Tree of Life and sister distributor The Health Store, with a number of start-ups struggling to survive the fallout
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NewsMackie’s of Taypack rescues own-label popcorn maker from administration
Snacking firm Mackie’s at Taypack has rescued one of the UK’s largest independent own label popcorn manufacturers from administration in a pre-pack deal, saving the jobs of 60 staff.
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NewsTree of Life owner claims HSBC ‘refused’ to help ease burden
The health food wholesaler experienced a “dramatic” hit to sales caused by the twin shocks of Brexit and Covid, which followed a record year in the 12 months to 31 March 2021 when revenues exceeded £100m.
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Comment and OpinionTree of Life collapse illustrates why SMEs need to anticipate unpaid invoices
The collapse is an important reminder for all brands to take steps to protect themselves, says Andrew Rayner, lead consultant at Sparc-retail.co.uk
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NewsPilgrim’s UK announces proposal to close two factories, putting over 600 jobs at risk
The company has announced plans to close its Bury St Edmunds and Coalville sites and shift production at its Ashton plant to a four-day week
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NewsFruit supplier Jupiter Marketing collapses, leaving almost 100 jobless
Tim Bateson and Chris Pole from insolvency firm Interpath Advisory were appointed as joint administrators to Jupiter Marketing Ltd on 5 September 2022.
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NewsHunt’s Food Group steps in to rescue Tree of Life sister The Health Store from administration
Administrators at insolvency firm Interpath Advisory completed the sale of The Health Store brand and assets to the Dorset-headquartered group today
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NewsTree of Life owner Health Made Easy enters administration as health brands sold off
Two health and wellness brands owned by Tree of Life owner Health Made Easy have been sold following the collapse of the group last week
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NewsTree of Life administrators seek rescue deal as 143 staff made redundant
Almost 150 employees have lost their jobs after wholesalers Tree of Life and The Health Store collapsed this week
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NewsCity Snapshot: Tree of Life appoints administrators
Health food distributor Tree of Life has collapsed into administration after failing to secure investment needed to stay afloat.
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NewsHealth food wholesaler Tree of Life falls into administration
Health food wholesaler Tree of Life has fallen into administration following a failed attempt to secure third party investment earlier this year
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NewsLockdown-affected Redemption Foods saved in pre-pack deal
Soup maker Redemption Food Company has been rescued from administration after suffering ’significant financial challenges’ during the pandemic
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Comment and OpinionCMA was never quick on the draw. How will it fare as the sheriff in a new Dodge City?
The CTN/c-store chain was in administration and even a cursory look at the stores, the estate and the market shares will tell you nothing needs to be done
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NewsRollagranola rescues Primrose’s Kitchen brand from liquidation
Granola manufacturer Rollagranola is aiming to return upmarket muesli brand Primrose’s Kitchen to supermarket shelves after rescuing it from liquidation.