Quiz is navigating financial challenges after warning it might run out of cash following poor trading results.The company has engaged advisors to explore financial and strategic…
Browsing: financial challenges
Allplants, a plant-based meal manufacturer, has entered administration, resulting in 65 job losses.The executive team had been collaborating with recovery firm Interpath on restructuring and refinancing…
Allan Leighton, former CEO of Asda, is returning as executive chair as the UK grocery giant faces declining sales.Leighton replaces Stuart Rose, who took on leadership…
Ann Summers faces significant challenges as it trims its workforce to manage rising costs.The company has announced a planned reduction of 20 to 30 positions to…
The luxury brand Mulberry reports increased losses and plans a strategic overhaul under new CEO Andrea Baldo.Mulberry’s losses for the half-year widen to £15.7 million, reflecting…
Typhoo Tea, the UK’s oldest tea brand, is facing severe financial challenges, prompting immediate action.The company has appointed administrators due to growing debts and a significant…
Boohoo, a leading online fashion retailer, is facing significant challenges as it experiences a financial slump and tensions with the Frasers Group.The fashion giant reported a…
Boohoo is navigating challenging times with widening losses and a strategic call to reject Mike Ashley’s board bid.The company posted increased pre-tax losses of £147.3m, highlighting…
The recent Budget has left many business leaders wanting, particularly due to unclear reforms affecting various sectors.M&S CEO Stuart Machin expressed dissatisfaction with the lack of…
Mobile Tornado Group, based in Harrogate, announced a £425k share placement aimed at funding key strategic goals.The company plans to use the capital to consolidate its…