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The Latest Breaking News from Teneo

Clothing retailer M&Co to close 170 shops with loss of up to 1,900 jobs

Scottish retailer went into administration at the end of last year, after closing 47 shops in 2020

The Guardian - UK

High street loses fashion retailer M&Co with almost 200 stores set to close

M&Co are set to shut 170 high street stores after entering administration, with 1,910 jobs at risk

Daily Mirror

Disney exec paid equivalent of $3.4 million a month for brief 3-month stint

Morrell left Disney after a tumultuous few months at the company that saw it embroiled in a row over the Florida's so-called "don't say gay" bill.

Fortune

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Store closures and job losses fears at four Lanarkshire M&Co shops as clothing chain enters administration

Firm appoints three representatives from Teneo Financial Advisory Limited as joint administrators following difficult trading period.

Daily Record

Glasgow firm M&Co goes into administration - full list of stores at risk

M&Co, who have two branches across Glasgow, have entered administration for the second time in just over two years.

Glasgow Live

Fashion chain M&Co collapses into administration for the second time

M&Co - the clothing brand that employs 1,910 staff and has around 170 shops across the UK - has collapsed into administration for the second time in just over two years

Daily Mirror

Scottish clothing firm M&Co enters administration as East Lothian stores at risk

The clothing firm that has been an ever-present on some of Scotland's high streets has entered administration for the second time in three years after a period of financial difficulty

Edinburgh Live

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Scots clothing chain M&Co at risk of shutdown as firm enters administration

The firm, which began life as Mackays pawnbrokers in Paisley, is up for the sale for the second time in three years.

Daily Record

How the lights went out on Bulb – and the wrangle over its future

Decision on timing of Octopus’s takeover of collapsed energy supplier will be taken in court on Tuesday

The Guardian - UK

Remaining Studio Retail Group creditors in line to recover millions but some face wait

Administrators at Teneo have been working to identify who owes what and if there is enough money to pay them

Birmingham Post

Greece rid of budget watch but inflation, energy woes bite

Greece's close financial oversight by European Union creditors is ending

The Independent UK

New documents show how debts at Manchester-based Missguided spiralled to £80m before collapse

The online fashion brand was bought for £20m by Frasers Group at the start of June

Manchester Evening News

How Missguided collapsed owing more than £80m before being rescued by Frasers Group

Missguided was bought by Frasers Group in a £20m deal

Birmingham Post

Missguided suppliers expected to be paid less than 2% of £30m owed

Administrator’s report reveals how little may go to those left unpaid after collapse of online fashion firm

The Guardian - UK

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Benzinga

Court Orders Liquidation of Crypto Hedge Fund 3AC Following Voyager Loan Default: Report

A court in the British Virgin Islands has ordered the liquidation of crypto hedge fund Three Arrows Capital (3AC), after the company suffered major losses in the recent market turmoil. According to a report by Sky News, partners from Teneo, a global CEO advisory firm, are handling the insolvency proceedings after a court order…

The Guardian - UK

Buy now, pay later: your rights over refunds as Missguided collapses

The fashion brand is not paying buyers back – but big finance firms say they will return cash

Birmingham Post

Scale of financial woes faced by Urban Splash joint venture as it collapsed into administration revealed

A total of 160 people lost their jobs when the company entered administration last month

Daily Record

Missguided accused of 'robbing' customers as administrators confirm they won't receive refunds

The brands administrator has confirmed it is not in a position to honour any refunds.

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Manchester Evening News

Missguided shoppers furious after reading 'disgusting' email from staff

"Never in my life will I order with Missguided again or whatever the new one is called."

Daily Mirror

Furious Missguided customers told they WON'T get refunds after retailer collapsed

Teneo was hired by Missguided to run the administration process but customers on social media say they’ve now been told their refunds won’t be honoured

Chronicle Live

Missguided customers told ‘no refunds on returns’ weeks after Mike Ashley agreed takeover

Angry shoppers take to social media to complain as fashion chain administrators rule out payments

Birmingham Post

Missguided customers will not receive funds on returns, administrators rule

The fast fashion brand was acquired by Frasers Group in a £20m deal after entered administration

Wales Online

Missguided shoppers told they will not receive refunds for returns

The brand has now been taken over

The Independent UK

Missguided shoppers will not receive refunds on returns, say administrators

It comes after the Manchester-based company tumbled into insolvency last month.

The Independent UK

Missguided will not refund shoppers for returns after going into administration

Shoppers who returned items before 30 May should make a claim via their bank or buy-now-pay-later provider

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