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...He became joint chair in 2017 when Manghat succeeded him as chief executive. Manghat had previously served as chief financial officer and deputy chief executive....
...Benji Dymant, joint administrator, said that Authentic Brands, the US owner of the Ted Baker brand, was in advanced discussions with several potential operating partners to take over Ted Baker in the UK...
...“The joint administrators will continue to assess the appropriate structure for the business as sale discussions progress,” said Teneo in a statement....
...“After years of unprofitability and following a full evaluation of The Body Shop’s UK business, the joint administrators have concluded that the current store portfolio mix is no longer viable,” FRP said...
...Meanwhile, the FCA on Thursday also found Woodford’s fund administrator, Link Fund Solutions, “failed to act with due skill, care and diligence”....
...Richard Fleming, of Alvarez & Marsal, the joint administrator of NMC Health, said: “We have co-operated with the FCA extensively in its investigation into NMC Health Plc and note the censure announcement...
...That application was successful and Joint Administrators (“the Administrators”) were appointed on 9 April 2020....
...Richard Fleming of Alvarez & Marsal, who is joint administrator of NMC plc and NMC Healthcare, said: “We have co-operated with the FCA extensively in its investigation into NMC Health plc and note the censure...
...It said the £6.1mn paid so far was “materially above the next best alternative, deliverable offer received by the joint administrators”....
...The supervisory board of the two companies fired their joint chief executive, Timo Herzberg — a Benko ally — earlier this month over what they alleged were “gross violations” of his fiduciary duties....
...The courts of Dubai’s financial centre have decided to hear a long-delayed $600mn claim against KPMG Lower Gulf made by the administrators of collapsed private equity firm Abraaj....
...ArcelorMittal threatened to walk away, but instead agreed to form a joint venture with the public investment agency to run the plant together....
...The current crisis began in the aftermath of Hamas’s attacks on Israel on October 7, when more than 30 Harvard student associations posted a joint statement arguing Israel was “entirely responsible for all...
...The person to whom you should pay the sale proceeds will be the administrator of his estate. You say he has no known heirs....
...Jimmy Cherizier insists his nickname Babekyou — or Barbecue — comes from his mother’s roadside fried chicken joint rather than a reputation for burning people alive....
...Zelf Hussain, joint administrator, said: “We worked relentlessly to find a solution that would’ve saved the business as a going concern and preserve jobs . . ....
...“I know the management team has left no stone unturned in trying to save the business,” said Zelf Hussain, joint administrator and a partner at PwC....
...Steve Smart, joint executive director of enforcement at the FCA, said in a statement: “The Qualia scheme offered unrealistic returns based on its unsustainable business model and operated like a Ponzi scheme...
...A spokesman for BDO, the joint administrators, says that the company has appointed the art advisory business Gurr Johns “to assist in the detailed process of returning artworks to their established owners...
...Its US joint venture with the property developer RFR bought the Chrysler building in 2019....
...Michael Magnay, joint administrator at A&M, said: “Like many companies in its sector, Aartee Bright Bar has been going through vital headwinds on account of the difficult financial surroundings and fluctuating...
...Dozens of women may ultimately share the damages award, which will be distributed in amounts determined by an administrator assessing individual claims, people familiar with the matter said....
...About 300 Wilko stores and distribution centres are expected to shut in the coming weeks although administrators have sold 51 sites to discounter B&M....
...But don’t confuse that proximity over policy for a relationship based on trust or a belief that Braverman is a talented administrator....
...EY said that three of its partners, Dan Hurd, Jo Robinson and Alan Hudson, had been appointed as joint administrators....
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