Restructures and Receiverships – Page 9
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NewsEx Thorntons chair regrets sale to Ferrero
Ferrero this week said the remaining 61 Thorntons shops would not reopen when lockdown lifts next
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NewsYo Sushi reports blow to supermarket sales as well as restaurants
Yo Sushi’s supermarket push has been hit by the pandemic in a further blow for the retailer, whose restaurant arm has undergone a CVA.
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NewsCVA rent cuts are usually addressing out-of-date charges, argues BRC
The consortium was responding to fresh claims from the British Property Federation that retailers are abusing CVAs
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NewsConfectionery manufacturer Bon Bon Buddies winds up
Confectionery manufacturer Bon Bon Buddies has voluntarily wound up the business after being placed into liquidation by its creditors
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NewsFreixenet Copestick buys wine merchant Jascots from administration
The on-trade wine supplier called in the administrators at the end of November after months struggling to keep afloat
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NewsKellogg’s to close RX Bar protein bar business in the UK
RX Bar will continue to be sold in the US and Canada
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NewsCovid forces closure of Chiltern Foods
The business closed at the end of October with all 28 jobs lost
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NewsWholesalers Dovey Premium Products and Brookside Foods collapse in wake of lockdown
Two family-owned meat wholesalers have been forced to cease trading after suffering a business collapse during the pandemic
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NewsCity snapshot: Revolution Bars files for CVA to close sites as coronavirus savages revenues
Revolution Bars has launched a company voluntary arrangement to close a number of bars and reduce rents after its revenues have collapsed due the coronavirus
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NewsBoparan rescues burger chain GBK from administration
2 Sisters owner Boparan has continued its push into casual dining, with the rescue of the GBK burger brand from administration
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Comment and OpinionSupermarkets are not immune from retail closure contagion
Small businesses deserve the right to day-one payment, says Paul Christensen of Previse
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NewsAlbert Bartlett completes Kiddyum brand rescue deal
Albert Bartlett said it would continue to work with Kiddyum’s current listings, which include Sainsbury’s, Ocado, Co-op and Nisa,
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NewsRescue planned for kids’ frozen brand Kiddyum following liquidation
Emergency rescue talks are taking place to secure the future of the frozen food brand
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NewsGolden Acre Food Group rescues Bagel Nash in pre-pack deal
Golden Acre Food Group has rescued Bagel Nash after the foodservice bagel supplier struggled to stay afloat during the coronavirus crisis.
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NewsCity snapshot: M&S to cut 7,000 jobs after Covid clothing and home sales slump
Marks & Spencer has announced it plans to cut around 7,000 roles over the next three months as a result of a “material shift in trade” due to the coronavirus outbreak. Plus, grocery growth slows as shopper behaviour returns back towards normal and all the rest latest news from the City.
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NewsCapital Cooling Refrigeration sold in pre-pack administration as Covid-19 chills business
Scotland-headquartered Capital Cooling Refrigeration was unsuccessful in its attempts to secure government support following financial difficulty caused by the pandemic
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NewsSamworth Brothers picks up Urban Eat sandwich brand from collapsed Adelie
The brand was sold to Samworth for £6.4m, following Adelie appointing Deloitte as administrator on 26 May
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NewsWH Smith to cut up to 1,500 jobs after coronavirus sales slump
The group said the costs associated with its restructure will be in the region of £15m-£19m
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NewsShopping centre giant Intu falls into administration
The owner of the Trafford Centre and Lakeside shopping centres has filed for administration after being unable to reach a refinancing deal with its lenders.
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NewsB&M offers hope to workers affected by Poundstretcher restructure
Poundstretcher’s rapidly growing rival said it wanted to hear from people affected by redundancy or restructures