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The Latest Breaking News from Teneo

Homebase bought out of administration securing up to 1,600 jobs

The deal to buy 70 stores came after Homebase appointed administrators on Wednesday but left 2,000 workers and 49 stores still at risk.

Evening Standard

Homebase collapses into administration with thousands of jobs at risk

Future of 2,000 staff remains unclear despite the bulk of stores being bought by the homeware retailer The Range

The Guardian - UK

Homebase ‘set for administration’ with thousands of jobs at risk across UK

HOMEBASE could be heading for a partial collapse, putting thousands of jobs at risk, amid reports that the chain has appointed insolvency experts…

The National (Scotland)

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Homebase ‘set for administration’ with thousands of jobs at risk

The DIY retailer has struggled as customers cut back on spending amid the cost-of-living crisis.

Evening Standard

Bulgarians vote with little hope of breaking a political deadlock

Bulgarians are voting in the seventh general elections in just over three years, with little hope that a stable government will be formed to stop the country’s growing political instability

The Independent UK

TGI Fridays secures rescue deal but more than 1,000 UK jobs lost

Private equity groups Calveton and Breal Capital to buy 51 restaurants, although 35 outlets will close

The Guardian - UK

TGI Fridays ‘close to rescue deal’ that could save more than 2,000 UK jobs

Administrators reportedly in talks with Calveton and Breal Capital, which could buy up to 55 of 87 restaurants

The Guardian - UK

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Behind Vance's conversion to Catholicism

Bradley Onishi explores Vance's conversion to Catholicism and the belief that big government could be good

Salon

Ouster of Bangladesh's prime minister will test India's regional power, with Beijing’s on the rise

The dramatic resignation of Bangladeshi Prime Minister Sheikh Hasina poses a dilemma for India’s government, and the South Asian powerhouse could even see its influence in the region wane, according to experts

The Independent UK

Leaked video: Vance thinks Devil is real

Vance gave a speech to the Leonard Leo-backed Teneo Network, which he joined shortly before running for Senate

Salon

‘Deeply concerning’: Vampire’s Wife closure shows battle faced by independent British fashion brands

Collapse of Matchesfashion platform is major factor in implosion across the supply chain, say industry insiders

The Guardian - UK

Online car dealer Cazoo collapses into administration putting 200 jobs at risk

UK-based used-car website once valued at £6bn is now looking for a buyer for its remaining assets

The Guardian - UK

Zoopla founder’s used car sales app Cazoo calls in administrators

The company has appointed administrators from Teneo, who will seek to sell off Cazoo’s remaining marketplace business

The Independent UK

Hundreds of jobs at risk as online car retailer enters administration

An online car retailer has entered administration with over 200 jobs at risk ...

The National (Scotland)

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The Guardian - UK

Everton staring at administration threat with 777 takeover increasingly unlikely

Increasing doubts of takeover deal being completed paint bleak picture and could leave Everton unable to meet their financial obligations

The Guardian - UK

Everton call in insolvency advisers amid fresh doubt over 777 takeover

Everton have called in a firm of restructuring and insolvency advisers, the Guardian understands, raising further questions about the proposed takeover by 777 Partners

Evening Standard

How the collapse of Matches has sent the fashion world into frenzied chaos

London’s glittering fashion ecosystem has been left reeling after the recent demise of the once-prized luxury retailer, affecting everyone from factories to buyers and stylists. Victoria Moss talks to insiders caught in the crossfire

The Guardian - UK

Designer brands owed millions after Matchesfashion collapse

Some customers of the online fashion site, which owed more than £210m when it collapsed in March, are also unable to get refunds

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The Guardian - UK

Thames Water hires restructuring advisers amid fears of collapse

Crunch talks expected after investors refuse to secure short-term cashflow and parent company due to repay £190m loan

Evening Standard

Ted Baker calls in administrators in latest UK fashion collapse

A number of big names in fashion have collapsed in recent months or faced major difficulties

The Guardian - US

Top US consultancies face scrutiny over role in Saudi Arabia’s sports push

Senator suggests McKinsey, BCG and other firms may be violating federal disclosure rules

The National (Scotland)

Stewart Milne administrators issue statement on new home buyers' deposits

THE administrators assessing a major Scottish building firm after news of its collapse broke on Monday have issued a statement on deposits paid by…

Fortune

Companies are getting it from all sides on ESG. They’re either ‘going too far’ or ‘not doing enough’

A Teneo survey of 260 CEOs shows most are determined to stay the course.

The National (Scotland)

Major Scottish housebuilder folds with over 200 employees made redundant

A MAJOR independent housebuilder has appointed administrators with more than 200 employees being made redundant on an online call with bosses.

Fortune

CEOs say political disruptions—like the presidential election—are 2024's biggest risks

U.S.-based CEOs are changing their investment plans based on next year's election—though differ on direction.

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Subrahmanyam Jaishankar

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