Mothercare’s UK sales dropped in the third quarter as the beleaguered retailer cut back on promotions amid its dramatic transformation plan.
Gourmet Burger Kitchen has shuttered 10 sites in the first wave of closures following the approval of a restructuring plan earlier this month.
A fifth of Gourmet Burger Kitchen’s branches are to close after creditors approved the company’s restructuring plan on Friday.
The owner of Gourmet Burger Kitchen has blamed the slow pace of Brexit negotiations for dwindling sales in the UK, as it makes plans to close restaurants.
Mothercare will close 50 underperforming stores and re-hire the chief executive it sacked just weeks ago as part of a wide-ranging shake-up.
One of the biggest private home care providers in the UK is seeking a rescue plan.
Europe’s beleaguered capital of oil and gas has powered its way into the top five in a league table of the UK’s fastest-growing city economies.