Pinstripe enters administration
Pinstripe Print has been forced to enter administration due to “extremely difficult” trading conditions and a 22% drop in turnover.
Source: printweek.com
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Awesome Merchandise strives to regain customer trust
Awesome Merchandise’s Texas operation has been shut down as the firm strives to rebuild its reputation following last month’s pre-pack sale to its co-founder, while funding platform Crowdcube is in talks about the possibility of shares in the newco being issued to more than one thousand investors who were wiped out.
Source: printweek.com
Pre-packaged administration sales to face greater scrutiny as new regulations come into effect | Bryan Cave Leighton Paisner
Summary Regulations”) came into effect on 30 April 2021. The Regulations contain numerous features which mean that pre-packaged administration sales (specifically to connected persons) will begin to face a greater level of independent scrutiny. Purpose The primary purpose of the Regulations is to prevent the administrator of a company from effecting: a disposal, hiring out, or sale of what is, in the administrator’s opinion, all or a substantial part of that company’s business or assets (including a disposal effected by a series of transactions); to one or more connected persons; wi...
Source: jdsupra.com