XPO Logistics remains in a standoff with the new owner of House of Fraser, with the department store group’s supply chain paralysed as a consequence. The logistics firm is owed £30.4m as a creditor of the retailer, which was placed into administration on 10 August and saw most of its assets sold to Mike Ashley’s Sports Direct shortly after. While the sale price of £90m was eye-catching, the money will be used to settle debts with secured creditors. Under insolvency […]
Own account operator Poundworld Retail has appointed administrators after talks with a potential buyer collapsed.
Bibby Distribution won back Tetrosyl from Canute Haulage Group just days before its rival’s pre-pack sale
Canute Haulage Group surrendered a contract with car care products manufacturer Tetrosyl days before its controversial pre-pack administration.
The Canute Group, owned by Almtone, is expected to make an official announcement about its closure tomorrow afternoon.