White & Case has advised a series of lenders including Cross Ocean Partners on the refinancing and upsizing of the Odeon Cinemas Groups’ credit facilities.
Struggling cafe chain Caffe Nero has rejected a last-minute takeover bid by EG Group.
Following a testing few years, and the second national lockdown in England, retail giant Arcadia has fallen into administration.
With the UK’s biggest shopping centre proprietor collapsing this year, retail investors need to take quick action to dodge the impact of lockdown.
Gourmet Burger Kitchen (GBK) is closing 26 of its restaurants and cutting 362 jobs in a pre-pack administration deal.
On 22 July 2020, the Finance Act 2020 received Royal Assent, meaning that from 1 December 2020 Her Majesty’s Revenue and Customs (HMRC) will once again rank as a secondary preferential creditor in insolvencies.
Cineworld, the second-largest cinema chain internationally, is closing all US and UK venues until further notice. This comes after the latest James Bond film has been postponed for the second time, a move that has not only hit the cinema industry hard but has put tens of thousands of jobs at risk.
Last month, Virgin Atlantic was desperately trying to get creditors to agree to reductions and instalment repayments to avoid running out of money and entering administration. It has emerged that the High Court has approved the company’s £1.2bn rescue package based on evidence that the airline would be bankrupt by the end of September without support.
Virgin Atlantic has filed for bankruptcy protection in the US, whilst it waits for creditors to approve a restructuring, to survive the coronavirus pandemic.
The COVID-19 pandemic has rocked the footballing world. Project Restart heralded the return of football to our screens, but only for the top two English leagues. Despite being in England’s second tier, Wigan have succumbed to administration. The story is not as simple as it seems however, as there exist extremely suspicious circumstances surrounding Wigan’s demise.