All Restructures and receiverships articles
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NewsStillgarden Distillery set to appoint liquidators after failed investment bid
Stillgarden makes a range of Irish amari and botanical liqueurs in Inchicore, west Dublin
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NewsUnilever pledges to slash €1bn in costs by 2029
The consumer giant said on Tuesday it would target “stranded costs” from the spin-out of its food division, which includes Hellmann’s and Marmite, to McCormick
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Comment & OpinionPoundland politics: who should decide the retailer’s fate?
Few tears will be shed for Gordon Brothers as it faces an onslaught of criticism for the way it has handled the Poundland crisis, but calls for government intervention in the affairs of a private business should be treated with caution
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NewsPoundland on brink of collapse as retailer lines up administrators
A notice of intention to appoint AlixPartners as administrator has been filed with the courts this afternoon. Poundland MD Barry Williams said ‘despite enormous efforts’ it had not been possible to find an acceptable offer for the business as a whole
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NewsUnion demands talks with Poundland owner as collapse fears mount
Gordon Brothers, which took majority control of Poundland for £1 last year, is understood to be against selling the business as a whole
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NewsAmber Beverage UK collapses as sale efforts fail
Spirits distributor Amber Beverage UK has ceased trading after attempts to save the business failed
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NewsUnion ‘deeply concerned Poundland is being pushed into administration’
Usdaw said it had persistently sought talks with Gordon Brothers to no avail and feared a decision could be made on Poundland’s fate as soon as Tuesday
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NewsMarkets have absorbed initial Iran shock better than feared, analysis shows
Healthier business in the finance and tech industries supported a recovery in the third quarter, after the Middle East conflict threatened supply chains, energy prices and raw material supplies in the summer
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NewsParson’s Nose buys Farmison in bid to revive DTC brand
Upmarket butcher’s Parson’s Nose will revive Farmison after securing a deal to buy the shuttered brand from Vestey Holdings
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NewsGreggs shares soar on upgraded profit guidance and cost-cutting
Greggs’ share price has hit its highest point in more than a year, after the high street stalwart upgraded its profit guidance and unveiled major cuts to its manufacturing base
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NewsTilray CEO praises ‘very supportive’ UK retailers as BrewDog turnaround kicks off
The CEO of Tilray Brands has praised the UK’s ‘very supportive’ retailers for maintaining distribution of BrewDog’s beers amid the brand’s administration and forced sale
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NewsGreggs to cut more than 700 jobs in manufacturing rethink
Greggs said the cuts, ‘while difficult, were necessary’ to keep a lid on manufacturing costs
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NewsMorrisons begins pharmacy sell-off as cost-cutting continues
Morrisons hopes to have sold dozens of pharmacies by early next year as part of its cost-cutting turnaround plan
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NewsLittle Moons CEO hails turnaround amid bounce back to profitability
Fresh accounts for the frozen mochi maker showed it jumped to a £940k operating profit last year
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NewsDiageo reveals new CFO to replace Nik Jhangiani in 2027
Joanne Wilson, currently CFO at WPP, will take up the role from “some time in 2027”
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NewsMorrisons turnaround ‘delivering’ after 15th quarter of sales growth
Morrisons grew sales for the 15th consecutive quarter in a row, in its latest third quarter results
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NewsSauce Shed ceases trading ahead of winding-up hearing
It leaves claimants potentially unable to recover funds they claim to be owed by Sauce Shed for failing to deliver on its contracts
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NewsMorrisons puts 80 more jobs at risk in latest restructure
It is the fifth round of redundancies at Morrisons this calendar year as part of Rami Baitiéh’s turnaround plan
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NewsPlanet Organic losses narrow after year of ‘significant improvement’
The turnaround marked ‘a really good effort’, MD Mark Broomfield told The Grocer
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NewsNestlé agrees $1bn sale of vitamins, minerals and supplements business
Nestlé has sold off the greatest part of its vitamins, minerals and supplements (VMS) business in a $1bn (£0.7bn) carve-out