The owner of the Lindsey oil refinery crashed into insolvency, putting hundreds of jobs in danger during the energy conglomerate behind the Lincolnshire site. Sky News learned that State Oil, the parent company of Prax Group, which has interests on the oil ground in Shetlands and has around 200 service stations, was forced to call … Read more
The capital-investment company at the center of a series of tenders for British companies leads to the 1.7 billion pound sterling race to buy the owner of the operations of Argos Store-Card. Sky News has learned that KKR is the fratrunner to buy Newday Group, which belongs to the cinven and CVC Capital Partners buyout … Read more
Poundland’s parent company is preparing to hand over tens of millions of pounds to help finance a takeover of the British reduction chain in difficulty. Sky News has learned that the Pepco group, on the Varsaw, should contribute a substantial sum to eight figures to finance the operations in Poundland as part of an agreement … Read more
The owner of Slimfast launched a sale of the weight loss brand after hiring advisers to orchestrate an auction. Sky News understands that Glanbia, the Irish company, works with bankers in Houlihan Lokey on a process of leaving its weight management portfolio. Nicknamed Project Lego, a sale would occur more than 45 years after the … Read more
The parent company of Pontins appeared before the court after being accused of guilty manslaughter. Eighteen people were injured on the Brean Sands site of the holiday company in Somerset in February 2019, when a section of 40 meters of structural conduits and ceiling fell into an entertainment area. Wendy Jones, a 68-year-old grandmother, was … Read more
The owner of Hobbycraft made a late swoop to buy the original factory shop (TOFs) after discussions with a rival pretender at the 11th hour. Sky News understands that Modella Capital, which has also continued the High Street stores in Wh Smith in recent weeks, is about to win on Baaj Capital tenderer with a … Read more
Asda’s private equity fund has reached an agreement to acquire a majority stake in a group specializing in supporting British SMEs. Sky News has learned that TDR Capital has agreed to acquire a majority stake in CorpAcq, less than six months after the so-called “corporate compounder” aborted a US listing deal. City sources said this … Read more
The owner of Poundland, one of Britain’s biggest discount retailers, has called on city councilors to explore radical options to end the growing crisis at the chain. Sky News has learned that the Pepco Group, which has owned Poundland since 2016, has hired consultants from AlixPartners to deal with a decline in sales which has … Read more
Bestway Group, one of Britain’s largest private companies, is preparing to launch a formal financial restructuring process for its off-licence chains Bargain Booze and Wine Rack. Sky News has learned that the group has informed landlords of its proposed company voluntary agreement (CVA) for its Bestway Retail arm. Real estate sources said the conglomerate, founded … Read more
Written by Joshua Tyler | Published 1 hour ago Over the past few months, I’ve been working on a report on the current state of Google search results, with the goal of helping independent publishers better understand what’s happening. Last month, Valnet (the large media company that owns sites like Screen Rant, Game Rant, Collider, … Read more