FRP advisory has expanded offshore with a new acquisition on the Isle of Man, days after an FRP partner and a director moved to Kroll in London.
12 March 2024
The former administrators of charity payments terminal provider Good Box, who were ordered last year to give their consent to the first-ever UK restructuring plan proposed by a creditor, have been denied increased remuneration under the 2016 Insolvency Rules.
11 March 2024
An Ontario court has approved a request by the Canadian arm of British cosmetic group The Body Shop for an extended stay after hearing it is facing an “immediate liquidity crisis” following a sweep of its bank accounts under a cash pooling arrangement with its UK parent company.
04 March 2024
The head of Grant Thornton’s restructuring group for North West England has joined Big Four firm PwC in Manchester, bringing with her over two decades of experience guiding companies through turbulent times.
04 March 2024
Chinese developer Country Garden is facing a winding up petition in Hong Kong, while another property group, Powerlong, has entered a deal with an ad hoc group of creditors and existing lenders to exchange at least US$2.1 billion in offshore debt and a third developer, Zhongliang, has secured sanction of a scheme in Hong Kong.
28 February 2024
Days after the German arm of ethical cosmetics group The Body Shop entered administration in Düsseldorf, the joint administrators of its UK business have announced a spate of store closures and head office job cuts to “secure the future” of the stalwart high street retailer.
20 February 2024
The UK arm of British cosmetics group The Body Shop has been placed into administration, three months after it was bought by pan-European private equity investor Aurelius.
14 February 2024
Days before its former parent’s pre-packaged Chapter 11 closed in Texas, the joint administrators of a Leeds-based marketing business have said the most likely exit route for the company is dissolution after it completed a partial sale to consulting group Paragon last year.
09 February 2024
The English subsidiaries of electric vehicle research and development specialist Arrival have entered administration after the group failed to find a buyer last year and Nasdaq suspended trading of its securities last week.
07 February 2024
The holding company of formerly Nasdaq-listed medical diagnostics group LumiraDX has been wound up in the Cayman Islands at the request of a UK-based life science investor.
06 February 2024
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