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The Latest Breaking News from Teneo

Missguided on brink of collapse after 'leaving suppliers millions out of pocket'

Missguided is said to be close to calling in administrators, with insolvency specialists Teneo in line to handle the process. A winding up petition was issued against Missguided on May 10 by supplier JSK Fashions

Daily Mirror

BrightHouse customers look set to get nothing after firm collapsed into administration

Rent-to-own firm BrightHouse went into administration last year, but 11,000 people owed money may lose out, administrators say

Chronicle Live

Urban Splash joint venture job cuts - what does the law say?

The joint venture entered administration last week

Birmingham Post

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160 jobs lost as outside help arrives to oversee end of house development

The joint venture constructing the homes went into administration this week

Liverpool Echo

Homes England speaks out after Urban Splash joint venture collapses and cuts 160 jobs

Its modular homes have been used on sites such as Wirral Waters and New Islington in Manchester

Birmingham Post

140 jobs lost as Somercotes factory closes following housing firm's collapse

The collapse of the venture has been blamed on operational problems

Nottingham Post

Urban Splash joint venture enters administration with 160 people made redundant

The group owns a number of development sites and a modular building factory in Alfreton, Derbyshire

Birmingham Post

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UK government defends bonuses paid to staff of collapsed firm Bulb

Energy company effectively nationalised as part of bailout that could cost taxpayers £2.2bn

The Guardian - UK

Missguided founder's 'great sadness' at leaving as 63 jobs cut at Manchester firm

Nitin Passi founded the firm in 2009, and announced he was stepping down today

Manchester Evening News

Missguided to cut 63 jobs as founder Nitin Passi steps down as chief executive

Missguided has confirmed it will cut 63 jobs as part of a restructure. It comes after the fashion giant launched a 45-day consultation at the start of March, where it originally said 140 roles were at risk

Daily Mirror

Missguided cuts 63 jobs as founder quits as chief executive

The company said they are in a good position to "maximise potential"

Manchester Evening News

Missguided cuts 63 jobs as founder Nitin Passi steps down as chief executive

Teneo has been appointed 'to explore strategic options for the business'

Birmingham Post

Biggest rent-to-own firm PerfectHome collapses with thousands of customers affected

PerfectHome has been the biggest rent-to-own firm since Brighthouse collapsed, and lent customers cash to buy household goods, but it has now fallen into administration

Daily Mirror

Mike Ashley's Frasers Group paid just £1 for Studio, records show

Online giant owed £80m and could not afford staff wages when it went under last month, administrators tell Companies House

Chronicle Live

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Daily Mirror

Retail giant Studio was sold to Mike Ashley for just £1 after entering administration

Studio fell into administration in February and appointed Teneo to handle its closure - but its third biggest shareholder, Mike Ashley, eventually saved it from collapse

Daily Mirror

Mike Ashley buys online giant Studio out of administration in £27million deal

Studio collapsed into administration on Thursday and appointed Teneo to handle its collapse - but its third biggest shareholder, Mike Ashley, has now taken the majority stake

Daily Mirror

Retail giant Studio enters administration - putting orders and 1,400 jobs at risk

The online retailer fell into difficulties due to supply chain issues and delays sending out stock, and is reported to have appointed Teneo to handle an administration deal

Birmingham Post

Studio Retail Group eyes 'accelerated' sale after confirming administration with 1,400 jobs at risk

Teneo has been hired to lead the administration process

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Birmingham Post

Timeline to collapse: how it all went wrong for South West construction giant Midas

Exeter-headquartered company's demise blamed on Covid, inflation and lost contracts and sealed when bank cancelled overdraft as subcontractors went unpaid

Birmingham Post

Covid blamed for collapse of South West construction giant Midas

Administrators from Teneo appointed as construction work ceases and 303 workers face redundancy

Asharq Al-Awsat

Teneo Launches Financial Advisory Business in the Middle East

New York-based Teneo said on Monday it was launching a financial advisory business in the Middle East. The company has hired restructuring veterans Matthew Wilde and Elie Fakhoury from AlixPartners, it said, Reuters reported. Wilde was involved in the restructuring of Dubai builder Arabtec and hospital operator NMC healthcare, while…

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