It’s A No From Nero: Caffe Nero rejects takeover bid
Struggling cafe chain Caffe Nero has rejected a last-minute takeover bid by EG Group.
0 Comments
December 16, 2020
End Of An Empire: Arcadia Group collapses into administration
Following a testing few years, and the second national lockdown in England, retail giant Arcadia has fallen into administration.
December 3, 2020
Intu Administration: Shopping Centres Feel the Squeeze
With the UK’s biggest shopping centre proprietor collapsing this year, retail investors need to take quick action to dodge the impact of lockdown.
November 29, 2020
A Smaller Sized Gourmet Burger: Restaurant chain to close 26 restaurants
Gourmet Burger Kitchen (GBK) is closing 26 of its restaurants and cutting 362 jobs in a pre-pack administration deal.
November 22, 2020
The Only Way Is Up: HMRC to be ranked higher up the insolvency priority ladder
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.
November 11, 2020
Let the Credits Roll: Cinema giant Cineworld confirms closures following Covid-19 crisis
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.
October 12, 2020
Flying Low and Flying High: Virgin Atlantic on a financial rollercoaster
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.
September 13, 2020
No Longer Flying High: Virgin Atlantic files for bankruptcy
Virgin Atlantic has filed for bankruptcy protection in the US, whilst it waits for creditors to approve a restructuring, to survive the coronavirus pandemic.
August 15, 2020
Failing Football Clubs: Wigan Athletic FC enter administration
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.
July 16, 2020
Going Intu Administration: Shopping giant faces hard times
Intu is a corporate landlord that owns several large shopping centres, such as the Trafford Centre in Manchester. It leases the space in these centres to other companies, such as clothes and food retailers. The company entered into administration on Sunday 28 June 2020.
July 9, 2020