The deal will save 64 Pizza Hut sites in the UK and secure the future of 1,277 workers, the company said. Those sites will be owned directly by Yum. The closures come only nine months after the purchase of the UK Pizza Hut franchise by Directional Capital, a US private equity firm that already operated Pizza Hut restaurants in Sweden and Denmark. Directional claims to manage more than $5bn (3.7bn) in assets, with a focus on mid-market companies that need to raise cash.
Fashion accessories chain Claire's is to sell all their 156 shops to WH Smith owner to investment firm Modella Capital. Administrator's have warned that the future of 145 remaining shops and around 1,000 staff's future remains uncertain. The majority of Claire's assets have been sold to Modella Capital including 1,000 workers across England and Ireland administrators at Interpath said.
Ministers have lined up special managers to run Liberty Steel's South Yorkshire operations if they are put into administration, according to a dramatic revelation at London's high court. The development shows the government is ready to step in immediately to secure the continued operations of the Speciality Steel UK (SSUK), which employs 1,450 people at the group's operations at an electric arc furnace in Rotherham and another plant in Stocksbridge, both in South Yorkshire.
The number of private schools collapsing into administration has doubled in the first half of this year, as the government's VAT changes bite into the sector's finances. Figures released by risk advisory firm Kroll show that 12 private schools went into administration between January and July, compared with six during the same period last year. Four of those failures occurred in July alone, raising fears that closures could accelerate further.
New administrators often prioritize new members who resemble them, hoping for easier collaboration. In reality, those with longer histories are pivotal for understanding and shaping culture.
"A deeply experienced and widely respected senior university administrator, Suzanne is an individual of exceptional demeanor, diplomacy, and intellect," Garber said.
Our selections span the ideological spectrum, and weâve deliberately avoided including big-name "hired guns" whose influence stems more from communication skills and networks than from genuine policy expertise.
Imports from China have decreased by 50% at the Port of Los Angeles, indicating potential shortages for consumers soon, along with a significant drop in US exports.
