Luxury carmaker Aston Martin, whose cars are well-known for featuring in the James Bond franchise, received a £500m rescue deal after a rough trading performance in 2019.
Careem, the Dubai-based ride-sharing company owned by Uber, announced it is pulling out of operations in Oman after 3 February 2020.
Eddie Stobart’s shareholders have voted overwhelmingly in favour of a £55m rescue deal involving private equity firm Douglas Bay Capital Fund (Dbay).
WeWork has announced that 2,400 employees will be let go, in an effort to halt its growing losses.
Mothercare has entered administration, closing all UK stores, with its consequences potentially affecting Mamas & Papas. Mothercare previously issued profit warnings and had entered a Company Voluntary Arrangement in June 2018 to reduce rental payments for their store leases after suffering financial difficulties.
Woodford Investment Management, an investment management firm, is closing, following a series of bad investments.
Despite Monsoon Accessorize’s company voluntary arrangement (CVA) being approved in July, accounts filed at Companies House show that the company is still in critical condition. The CVA will see rent reductions taking place for 135 of their 258 UK stores.
Payday lender QuickQuid has decided to pull out of the UK market, citing regulatory uncertainty after having failed to reach a satisfactory conclusion in negotiations with UK regulators.
Pizza Express is facing financial struggles with a debt pile of £1.1 billion as a result of increased competition, overly-ambitious overseas openings and a lack of innovation.
WeWork owner, the We Company, has formally withdrawn its plan for an initial public offering (IPO).