The buyer of Wh Smith’s High Street Chain is on the verge of an agreement to save British operations from Claire’s, the accessories retailer, in an agreement which is nevertheless likely to trigger dozens of store closings. Sky News learned that Modella Capital and Interpath Advisory, British and Irish operations administrator of Claire, could announce … Read more
The authorities have established a deadline of two weeks to find a buyer for the Prax Lindsey oil refinery in difficulty in the middle of increasing doubts about the future viability of the site. Sky News learned that potential buyers of the Lincolnshire site were contacted on Monday by restructuring experts hired when the parent … Read more
Pizza Hut’s largest UK franchisee has started contacting potential bidders as it works to mitigate the looming impact of tax rises announced in last month’s Budget. Sky News has learned that Heart With Smart (HWS), which operates around 140 Pizza Hut restaurants, has asked its advisers to find a buyer or raise tens of millions … Read more