Own account operator Poundworld Retail has appointed administrators after talks with a potential buyer collapsed. The retailer, which has a fleet of 75 vehicles and 140 trailers delivering to 355 stores, has been struggling against the falling value of sterling, weak consumer confidence and rising competition in the discount retail sector. Poundworld Retail was in talks with potential buyer R Capital but after negotiations ground to a halt last week, the retailer appointed Deloitte’s restructuring partners Daniel Butters and Clare […]
Southampton’s Harris Transport has closed its doors, with around 70 staff sent home last Friday (10 August).
An operator that worked as a subcontractor for City Link has claimed it has been left thousands of pounds out of pocket by the parcel carrier’s collapse last month.
Petition demanding investigation into Palmer & Harvey collapse attracts 8,600 signatures in two days
A petition demanding an investigation into the demise of own-account wholesale operator Palmer Harvey & McLane (P&H) has raised more than 8,600 signatures in two days.