Simmons: Bar chain owed millions to OakNorth, tax collectors before entering administration hospitality Simmons owed millions of pounds in debts to OakNorth bank and tax collectors before it was put into administration, fresh corporate documents have revealed. The London-based cocktail bar chain has made at least 30 staff redundant alongside closing several sites as founder Nick Campbell battled to secure rescue funding to buy the company in a [...]
What’s next for River Island as it enters ‘last chance saloon’? Retail River Island will face its last chance to restructure its flagging finances this Thursday at the High Court, with the retailer set to fall into administration as early as September if the plan is not allowed. This follows months of uncertainty over the company’s future as customers increasingly turn away from middle-market, bricks-and-mortar stores. “River [...]