Peters Bakery, a UK-based baker with over 50 stores, has been sold to Coopland & Son, in a deal that will save more than 200 jobs. The sale includes 22 of Peters Bakery's stores and the transfer of 129 staff. It also includes the ...
Tags: Peters Bakery, baker, Coopland and Son, job solution
Australian food manufacturer Gourmet Food, which was placed into receivership, has attracted more than 100 bidders over the sale of a part or the complete business. Ferrier Hodgson partner Jim Sarantinos said that considering the level of ...
Tags: Gourmet Food, complete business, food industry, food company
An insolvency plan submitted by Pfleiderer at the start of August and approved at a meeting of creditors on 12 September has taken effect following the approval of the Düsseldorf District Court. The planned capital measures were thus ...
Shenandoah Life Insurance Co has successfully exited receivership, following a $60m capital infusion. The Virginia State Corporation Commission ordered about the transaction, allowing the firm to resume normal operations, such as ...
Tags: Shenandoah Life Insurance Co, insurance companies, policyholders
Hostess Brands, the bankrupt producer of bakery products, is in talks with several bidders over the sale of its brands. About 110 bidders have contacted the company over the purchase of a part of the business, while 70 bidders are ready ...
Tags: Hostess Brands, bakery products, bankrupt, sale, bread
French poultry firm Doux,which entered into administration earlier this month,is looking for buyers who would be able to acquire the entire business. Judicial administrator Regis Vaillot said that the administrators wanted to avoid a ...
Hostess Brands,a maker of breads and sweet goods in the US,has filed a plan for reorganization under US bankruptcy law,in order to pay creditors and emerge from Chapter 11 protection. The plan would give a majority of the stake to a ...
Tags: reorganization, breads, sweet goods, stake
Italian insurer Fondiaria-Sai is prepared to go ahead with initial plans to merge with Unipol Gruppo Finanziaria, together with its parent company, Premafin Holding di Partecipazioni and its subsidiary Milano Assicurazioni. Fondiaria-SAI ...
Tags: Fondiaria Sai, Unipol Gruppo Finanziaria, merger, initial plan
Corporate Express's case against school books supplier Wooldridges for non-payment of invoices for $3.6 million worth of stationery products has hit a significant hurdle with the appointment of administrators to Wooldridges' parent company ...
Tags: Corporate Express, Wooldridges, collapsed school supplier
More than 600 WA businesses and schools and 90 employees are likely to receive less than 10 per cent of the $50 million they are owed by education product supplier Wooldridges, which was last month placed into administration. ...
Tags: Wooldridges, education product supplier, office supplies
Charles Komar, President and CEO of Komar, a third- generation, family-owned apparel company, announced the signing of a letter of intent to acquire substantially all the assets of Le Mystère, LLC. The terms of the transaction will ...
Tags: Komar, Le Mystère, transaction
One of the UK's largest salad producers Hedon Salads has gone into administration and stopped trading. Hedon Salads has called in the administrators The company has sites totalling about 24ha (59 acres) at Burstwick and Newport in ...
Tags: Hedon Salads, salad, salad company, salad producer
Dana Gas, in talks to restructure USD 920 million Islamic bond is offering bondholders cash and an average 8 per cent coupon on two new sukuks to replace the existing one. Two sources said that the natural gas producer became the first ...
Tags: Dana, natural gas, Ashmore Group, BlackRock
21.11.2012 − The Austrian one-strip parquet manufacturer and trader Pios applied on 5 November to the Salzburg district court for the institution of rescue proceedings under own administration. The amount of debt is quoted by the KSV ...
Tags: one-strip parquet, debt
The Boards of Directors of Pantaloon Retail India Limited(PRIL)and Future Ventures India Ltd,(FVIL)approved a proposal to consolidate their fashion businesses into a new to be listed entity(Future Fashion),which would emerge as one of ...