PwC | Global news | Restructuring

An overview of PwC global news:

Australia

PwC called in for Godfreys and Melbourne Rebels administrations Facing separate but challenging market forces, rugby union club the Melbourne Rebels and vacuum cleaning retailer Godreys have both entered voluntary administration, with PwC called in on both.
30 January 2024
United Kingdom

PwC selected for Wilko administration UK high-street stalwart Wilko has fallen into administration, after an extended period of poor trading.
16 August 2023
United Kingdom

PwC to oversee Made.com administration The operators of Made.com Design have filed a notice to appoint Big Four firm PwC as its administrator. The consultancy will now work to find a buyer for the assets of the e-commerce firm. Made.
03 November 2022
United Kingdom

PwC named for McColl's administration British convenience retail chain McColl’s has announced its intention to appoint administrators from PwC.
19 May 2022
United Kingdom

PwC installed as administrator of Zebra Power Amid a mounting crisis in the UK energy market, PwC has been appointed as administrator of Zebra Power.
17 November 2021
United Kingdom

Four-in-ten firms considering restructuring over next 12 months Many companies across the UK are emerging from lockdown with a sense of cautious optimism.
25 May 2021
France

Bercy selects 22 consultancies for restructuring framework agreement The French ministry of Economy and Finance – also known as ‘Bercy’ – has appointed over twenty consulting firms to its national framework agreement for restructuring and turnaround services.
23 February 2021
United Kingdom

Paperchase becomes latest victim of Covid-19 recession UK stationary firm Paperchase is reportedly on the brink of administration, after muted Christmas sales thanks to Covid-19 restrictions.
11 January 2021
United Kingdom

PwC helps save 2,300 jobs with sale of vehicle repair business PwC has overseen the sale of Nationwide Accident Repair Services and a number of its subsidiaries, after being appointed for the company’s administration.
07 September 2020
United Kingdom

PwC and legal advisers help Travelex restructure its debt Professional services firm PwC has clinched a restructuring deal for Travelex, which appointed administrators earlier in August. The news safeguards around 1,800 jobs in the UK.
17 August 2020
United Kingdom

Third PwC administrator appointed to Laura Ashley A third joint administrator has been appointed for UK retailer Laura Ashley, following a court hearing in April.
20 April 2020
United Kingdom

Laura Ashley appoints PwC administrators Amid the continuing Covid-19 pandemic, Laura Ashley has become the first retailer to fall victim to the “significant” drop in trade that the virus has caused.
20 March 2020
Australia

OneVue taps PwC and Seaview Consulting for Madison work Fund manager and investment services provider OneVue is working with consultants from PwC and Seaview Consulting in its bid to sell Madison Financial Group, a Sydney-based financial and wealth adviso
20 February 2020
United Kingdom

PwC to oversee administration of The Book People The Book People has filed for administration with just one week to go before Christmas, putting 400 jobs at risk.
23 December 2019
Australia

Trio of PwC partners oversee administration of Co-op Bookshop Consultants from PwC have been appointed as administrators for Co-op Bookshop, following the Australian retail firm’s decision to enter voluntary administration.
28 November 2019
United Kingdom

Mothercare appoints PwC administrators for UK wind-up PwC is set to close 79 Mothercare stores across the UK, after its appointment as administrator for the troubled brand. The news is likely to result in the loss of almost 3,000 jobs across Britain.
11 November 2019
United Kingdom

EY and PwC also sold consulting work to Thomas Cook Big Four audit and advisory firms PwC and EY have come under scrutiny for selling consulting and accounting services to Thomas Cook in the lead up to the company’s collapse.
05 November 2019
South Africa

PwC called upon to identify specific issues in Tongaat Hulett's finances Following a sudden financial decline that saw its value drop to its lowest level for more than two decades, South African agriculture and agri-business firm Tongaat Hulett has appointed global profes
15 March 2019
United Kingdom

PwC administrators preserve M40 flow despite Carillion debacle In its capacity as administrator for the collapsed outsourcing firm Carillion, advisory and auditing giant PwC was tasked with rapidly replacing the firm for a number of keystone service contracts.
04 February 2019
United Kingdom

UK retail net store closures quadruple in first half of 2018 The UK high street is enduring its most challenging period in five years, according to a new study.
14 November 2018
United Kingdom

PwC helping former Maplin owner to save bird-care group Gardman Rutland Partners, the former owner of collapsed electronics retailer Maplin, is understood to be engaged in a race to sell another of its companies before it slumps into administration.
16 October 2018
United Kingdom

PwC charged £356 per hour for Carillion insolvency work Big Four firm PwC has been criticised for the hourly rate it has charged for Partners during the administration of Carillion.
03 September 2018
Australia

Phoenixing costs Australia’s economy $5 billion, finds PwC report A high estimate of $5 billion is being wiped off Australia’s economy due to phoenixing, or illegally dissolving a company and then rebuilding it from the ashes according to a PwC report commissioned
26 July 2018
United Kingdom

Maplin faces store closures as demise leaves creditors owed £150 million UK electronics retailer Maplin is facing store closures, according to PwC administrators, after the store-chain began liquidation proceedings earlier in 2018.
02 May 2018
United Kingdom

PwC administrators complete Conviviality sale to save thousands of jobs In a deal far less scandalous than it sounds, thousands of jobs have been safeguarded by the sale of Bargain Booze.
13 April 2018
United Kingdom

PwC confirms over 60 redundancies at Maplin with controlled closures in sight Professional services giant PwC have confirmed more than 60 jobs will be lost at the head offices of collapsed electronics retailer Maplin.
19 March 2018
United Kingdom

Moorfields and PwC appointed administrators, as Toys R Us and Maplin collapse UK high-street chains Toys R Us and Maplin have both collapsed into administration, citing growing debt and uncertainty relating to Brexit as key reasons behind their falls from grace.
05 March 2018
Algeria

BCG and Big Four compete for large consultancy contract at Sonatrach Public oil company Sonatrach has launched a competitive tender process for consultancy services in the area of financial management and restructuring.
13 December 2017
India

Creditors in India hire consultants for bankruptcy proceedings Creditors in India, including the country’s biggest lender State Bank of India (SBI) have hired top consultancy firms such as PwC, KPMG, EY, Deloitte and others at highly generous terms to assist wit
13 July 2017
United Kingdom

4 consulting firms win Insolvency Rescue Awards 2014 Accounting and consulting firms KPMG, PwC, Baker Tilly and Mazars have been named top performers in the insolvency and corporate recovery industry.
07 October 2014
United Kingdom

Insolvency Rescue Awards: 6 consulting firms shortlisted Tomorrow, on 1st October 2014, the Insolvency & Rescue Awards will be take place in London, an event which celebrates excellence and best practices in insolvency and business rescue. Six consulting firms have been shortlised as finalists.
30 September 2014
United Kingdom

PwC consultants help Monarch with restructuring plan British travel group Monarch finds itself in need of fresh capital and is considering selling a stake to outside investors. Consulting firm PwC has been hired
22 August 2014

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