Restructures and Receiverships – Page 7
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NewsRising costs trigger surge in profit warnings in first half of 2022
A record number of grocery stocks issues profits warnings in the first half of 2022 as spiralling costs squeezed margins and consumers tightened purse strings.
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NewsBleiker’s Smokehouse brand saved by US fish company Seriously
The company is currently carrying out maintance so production can restart in a few weeks’ time
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NewsThistle Seafoods nets Dawnfresh factory in administration deal
Thistle plans to develop the 100,000 sq ft site in Uddingston in South Lanarkshire into an advanced added-value seafood processing and distribution centre for retail and wholesale customers in the UK and overseas.
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NewsRococo Chocolates rescued in £100k pre-pack deal by Gruppo Illy company
Established on the King’s Road in London in 1983 by Chantal Coady, Rococo struggled to cope during the pandemic, despite a significant increase in online sales throughout lockdown.
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NewsOnline drinks retailer Spirit.Ed falls into administration
The owner of online drinks retail and wholesale group Spirit.Ed, previously 31Dover, has fallen into administration following a period of “difficult” trading and an inability to raise new funding
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NewsHeineken to close Edinburgh’s historic Caledonian Brewery
Heineken said production at the brewery had “steadily declined over the last 10 years” as the brewer evolved its portfolio
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Comment and OpinionAs brands Hun and Babe struggle, is there a future for canned wine in the UK?
Hun said an “extremely tough” festival season in 2021 had led to it calling in the administrators
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NewsCanned wine brand Hun sold to owner as rival brand Babe exits UK
Hun, which was backed by Waitrose executive director James Bailey, has been acquired by its wine supplier Origin Wine after running aground
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NewsMorrisons confirms McColl’s rescue package
Morrisons has confirmed it has agreed to buy convenience chain McColl’s from administration, saving all 16,000 jobs
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NewsMorrisons set to win McColl’s rescue battle
Morrisons has reportedly seen off EG Group to secure a rescue package for stricken convenience chain McColl’s
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NewsCity Snapshot: Morrisons and EG Group improve bids in fight for McColl’s
Morrisons and EG Group are reportedly locked in a two-way fight to rescue convenience chain McColl’s after both made a last-ditch improvement to their bids
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NewsMcColl’s falls into administration after rescue talks fail
Convenience chain McColl’s has fallen into administration after failing to agree a financing package to ensure its survival
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NewsCity snapshot: McColl’s ‘increasingly likely’ to fall into administration
Beleaguered convenience chain McColl’s has admitted it is on the brink of administration as rescue talks to save the group come to a head
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NewsBleiker’s Smokehouse under investigation for food fraud as it enters administration
The North Yorkshire-based smokehouse was previously a supplier of fish products to major UK supermarkets but it is now under investigation by the National Food Crime Unit
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NewsCity snapshot: McColl’s to request suspension of shares
Troubled convenience store chain McColl’s is to request a suspension in trading of its shares after announcing it will fail to publish its annual accounts by the stock market deadline
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NewsCity snapshot: McColl’s trading slows as rescue talks continue
McColl’s has issued a profits warning after slower than expected Easter trading, while it remains locked in talks with its lenders and Morrisons over a financing package to enable its ongoing trading
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NewsMcColl’s shares surge 70% higher as c-store chain remains locked in talks with lenders
Embattled convenience store retailer McColl’s has said it knows of no reason for a sudden surge in its share price today.
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NewsTomato producer Sterling Suffolk rescued from administration
The company brought in administrators on 29 March after a downturn in trading and soaring energy prices forced it into administration
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NewsCecily’s plant-based ice cream brand calls in liquidators
Cecily’s made an award-winning range of eight organic dairy-free ice creams made using coconut milk and coconut sugar
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NewsJC Rook & Sons falls into administration with 155 redundancies
Butchers chain JC Rook and Sons has ceased trading after the Omicron surge at the end of 2021 hampered the peak Christmas period.