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The W Series has gone into administration and the only remaining staff member made redundant after failing to secure a buyer for the business. The all-female series hit financial trouble last year and curtailed its season with two rounds remaining in order to try and stabilize and restart in 2023.
W Series has officially appointed administrators after a lack of funding, with the all-female series having not restarted for 2023.
Experts say the market has been battered by the cost of living crisis and changing tastes.
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Alternative proteins manufacturer Plant & Bean has appointed administrators following significant disruption caused by inflation.