Exclusive: The new owner of TGI Fridays UK is finalising a pre-pack administration deal, set to close up to 20 restaurants and cut hundreds of jobs. Learn the full impact on the UK hospitality sector.
Struggling national chain Jhoots Pharmacy could be placed into administration after Lloyds Bank filed a high court application. The firm, accused of owing locums £670k, reported £5m in creditors.
The UK operator of TGI Fridays has filed to appoint administrators for the second time in December, putting 49 restaurants and over 2,000 jobs at risk. The chain seeks a last-minute rescue deal.
VTB Capital's administrators have paid £32m to retain key London staff as the wind-down continues. Discover the financial details and future implications.
MPs learn 50 higher education providers face market exit risk, with 24 institutions potentially stopping degrees within 12 months. Smaller colleges most vulnerable.
Shocking audit reveals English rugby's financial crisis with £34m losses. Former star Haskell warns the sport is heading 'off a cliff'. Discover the urgent reforms needed.
Ex-TGI Fridays chief Karen Forrester spearheads investment group's takeover of prominent UK restaurant chain, signalling major shake-up in casual dining sector.
New data reveals a worrying surge in UK companies facing critical financial distress as business leaders demand urgent government action in the upcoming Budget.