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The Latest Breaking News from Teneo

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

Behind Vance's conversion to Catholicism

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

Salon

From analysis to the latest developments in health,
read the most diverse news in one place.

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

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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)

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

The Guardian - UK

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

Evening Standard

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

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

The Guardian - UK

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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.

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news in one place.

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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.

Al Jazeera

Gaza war pushes tumultuous Israel-Turkey ties into ‘deep freezer’

Turkey’s forthright support for Palestine could affecting efforts to revive ties with Israel.

The Guardian - US

‘He’s an insider’: Ramaswamy’s deep ties to rightwing kingpins revealed

Republican candidate brands himself as an ‘outsider’ but has close links to prominent figures Leonard Leo and Peter Thiel

Wales Online

M&Co closing remaining stores by the end of April with 24 shutting this weekend

The retailer was bought out of administration by a new owner but its 170 stores were not part of the deal

Daily Mirror

Fashion chain M&Co closing 20 shops TOMORROW with rest going in weeks - see list

Around 14 M&Co sites closed their doors for good yesterday, it's Rickmansworth high street store has its final day of trading today, and a further 24 will shut on Sunday

Salon

Ron DeSantis caught in leaked video

DeSantis spoke to the Teneo Network, a secretive well-funded group run by SCOTUS takeover architect Leonard Leo

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