Supercuts owner Regis seeks rescue

Image copyright Regis hair salons Regis UK, the firm behind hairdressing chains Regis and Supercuts, is seeking a rescue deal in order to stay afloat. The firm is looking to slash its rents through a company voluntary arrangement (CVA) as it struggles with lower footfall, the apprenticeship levy and higher pension costs. The firm employs […]

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Patisserie Valerie warns it is on the brink of collapse

Image copyright Getty Images The owner of Patisserie Valerie has said the cafe chain needs “an immediate injection of capital” to continue trading in its current form. The stark statement to investors comes after the firm uncovered “significant, and potentially fraudulent, accounting irregularities”. It also belatedly discovered HMRC filed a winding-up petition against one of […]

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Patisserie Valerie faces winding-up order from HMRC

Image copyright Getty Images The owner of Patisserie Valerie has uncovered “significant, and potentially fraudulent, accounting irregularities” and discovered HMRC has filed a winding-up petition against one of its subsidiaries. HMRC is seeking £1.14m in taxes, the company said. It said earlier that finance director Chris Marsh had been suspended. Shares in the company, 37% […]

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Nasty Gal ad banned over underweight model

Image copyright Nasty Gal The Advertising Standards Authority (ASA) has banned three Nasty Gal television ads for using a model that appeared “unhealthily underweight”. The ASA received 22 complaints from viewers, who challenged whether the ads were “socially irresponsible”. The Manchester-based online fashion retailer said the model was a UK size 8, with a body […]

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