New Look Owner Brait Considers Selling Fashion Chain
Fashion retailer New Look could be put up for sale by its South African owners, Brait, as the high street brand grapples with challenging market conditions and a significant debt burden.
Category : Search result: retail restructuring
Australian Universities Slash Hundreds of Jobs and Courses
Major Australian universities are cutting hundreds of academic jobs and dozens of courses amid financial pressures and government funding reforms, sparking protests and concerns about the future of higher education.
Costa Coffee Axes 1,650 Jobs in UK Restructuring
Costa Coffee, the UK's largest coffee shop chain, is slashing 1,650 jobs in a devastating blow to the high street. The drastic cuts come as parent company Coca-Cola implements a major restructuring plan to address changing consumer habits post-lockdown.
Shoplifting hits 54-year high as 70% of offenders escape justice
British retailers face an unprecedented shoplifting epidemic with offences reaching their highest level since 1969, while police fail to pursue 70% of cases, leaving traders furious and demanding government action.
UK TikTok Jobs Axed in Global Safety Team Shake-Up
Hundreds of TikTok's UK-based trust and safety roles are at risk as the video-sharing giant launches a major global restructure, leaving employees devastated.
TikTok Slashes Hundreds of UK Jobs in Major Restructure
TikTok has announced a significant restructuring of its UK operations, resulting in hundreds of job losses. The move impacts sales and advertising staff as the tech giant streamlines its European business.
Claire's Avoids Collapse in Last-Ditch Buyout Deal
The iconic accessories chain Claire's has been saved from administration after a dramatic restructuring deal with new owners. Discover which UK stores will close and what this means for the future of the brand.
High Street Apocalypse: Why Britain's Shops Are Disappearing
Exclusive investigation uncovers the devastating combination of business rates, online giants, and planning failures crippling Britain's town centres. Discover why your local high street is dying.
Welsh Rugby Union Set For Radical Club Overhaul
Exclusive: The Welsh Rugby Union is poised to confirm a seismic restructuring plan that could see the number of professional teams slashed in a desperate bid to secure the future of the game in Wales.
CBS News axes anchors in format shake-up
CBS News announces major changes to its evening broadcast format, resulting in the departure of two prominent anchors. Discover the details behind this dramatic restructuring.
Gupta’s last-ditch plan to save Liberty Steel
Industrialist Sanjeev Gupta is preparing a final attempt to salvage Liberty Steel’s specialty division, as creditors and regulators close in. Will his strategy be enough to save jobs and stabilise the business?
ITV staff furious over 'brutal' job cuts
ITV production staff express outrage as the broadcaster announces sweeping job cuts, leaving many fearing for their futures in the television industry.
UK high street crisis: Hundreds of stores closing
Britain's high streets face another brutal year as major retailers announce widespread closures, job losses, and restructuring plans amid rising costs and changing shopping habits.
American industry faces bankruptcy crisis
Iconic American companies are battling a wave of bankruptcies as consumer demand collapses, forcing urgent restructuring across key sectors.
Morrisons cuts 3,600 jobs in restructuring move
Supermarket giant Morrisons announces plans to axe 3,600 roles as part of a restructuring effort, closing warehouses and revamping stores. Find out how this impacts employees and shoppers.
Papa John's Closing 70 UK Stores
Papa John's is set to close 70 of its UK stores as part of a major restructuring plan. Find out which locations are affected and why the pizza chain is making these cuts.
UK retail sales plummet amid cost-of-living crisis
British retail sales suffer sharpest drop in three years as consumers cut back on non-essentials, with food sales also declining for the first time since 2020.
Alpine F1 restructures as Provost leaves engineering role
Bruno Famin confirms Alpine F1's sweeping changes as Philippe Krief takes over from David Provost in a bid to revive the team's fortunes.
UK retail sales slump sparks calls for government action
Retail sales in the UK have plummeted, prompting calls for Chancellor Jeremy Hunt to intervene. Rising inflation and weak consumer demand continue to squeeze the sector.
HSBC to cut hundreds of jobs in Canada
HSBC reveals plans to slash hundreds of jobs in Canada as part of a broader cost-cutting strategy, raising concerns over its long-term commitment to the market.
WAG retail chain files for bankruptcy in California
WAG, a California-based retail company, has filed for Chapter 11 bankruptcy, citing financial difficulties. The move aims to restructure debts while keeping stores operational.
DfT civil servants moved to state rail operator
The UK government is set to transfer hundreds of Department for Transport civil servants to the state-owned rail operator, marking a significant restructuring of rail governance.
ITV axes 200+ jobs in £50m cost-cutting drive
ITV is set to axe more than 200 jobs as part of a major restructuring plan to cut costs and streamline operations. The broadcaster aims to save £50 million annually amid industry challenges.
River Island faces collapse as landlords reject rescue plan
High street fashion chain River Island is on the brink of collapse after landlords refused to back a vital restructuring plan, putting thousands of jobs at risk.
Transport NSW job cuts spark union backlash
Hundreds of jobs at Transport for NSW are set to be axed as part of a major restructuring effort, sparking concerns among employees and unions.
BrewDog closes Aberdeen and London bars in restructuring
Craft beer giant BrewDog is shutting down several of its bars, including locations in Aberdeen and London, as part of a strategic overhaul to streamline operations.
Walmart shoplifting crisis amid city crime law changes
Retail giant Walmart struggles with surging shoplifting incidents amid controversial city crime laws, raising concerns over safety and profitability.
Openreach CEO Alan Jones steps down amid restructuring
Openreach CEO Alan Jones announces departure as the telecom giant prepares for a significant organisational overhaul. Discover the implications for the UK's broadband future.
Jaguar Land Rover to cut hundreds of jobs
Jaguar Land Rover announces significant job cuts as part of a restructuring strategy to streamline operations and transition to electric vehicle production.
Tesla UK Sales Chief Troy Jones Exits Amid Restructuring
Tesla’s UK sales director Troy Jones has left the company as part of Elon Musk’s global restructuring. Discover the implications for Tesla’s British operations and the electric vehicle market.
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