Glasgow-based M Squared Lasers has fallen into administration after nearly two decades in business. Interpath managing directors appointed administrators at photonics & quantum technology business which was once included on Deloitte Fast 50.
FinTech CEO fights for life after quad bike crash. Greek media reports that Volt founder Tom Greenwood is in critical condition following an accident on the island of Mykonos last Wednesday.
Boohoo eyes PLT sale as it finally publishes annual results. Listed retail giant reports drop in revenues and profits as it pivots to become ‘online department store’ under Debenhams rebrand.
Streetbees falls into administration five years after $200m valuation. AI-powered intelligence platform had raised nearly $80m and had offices in Lisbon and the US but has collapsed after ‘exhaustive efforts’.
Founder who paid £2.9m settlement to Revolution Beauty to return to the business. Adam Minto was accused of breaching his fiduciary duties to listed company, which is now stuggling and set to make a wave of redundancies.
Next 15 shuts Silicon Valley arm after ‘potential serious misconduct’. AIM-listed tech consultancy confirms permanent closure of Mach49 after disputes, contract cancellations & sackings of three senior executives.
‘Let’s cut the bullsh*t’: ZOO Digital slammed over unpaid invoices. Many freelancers claim they are owed money by listed Sheffield firm as one tells BusinessCloud that they threatened legal action to get paid.
FTSE 100 constituent Halma makes £129m European swoop. Global group of technology companies focused on providing for the future acquires 31-year-old Netherlands-based, £32m turnover firm Brownline.
‘Poundland may still be headed for insolvency despite rescue deal’. Nick Stockley, specialist in litigation & dispute resolution, warns that revamp, rebrand & business overhaul needed to avoid fate of Claire’s. A last-minute deal saved the company but 68 shops, two distribution sites and its online store are still set to close.
Man Utd owner Ratcliffe invests in Castore as it buys fashion house. Sir Jim Ratcliffe’s INEOS sells 100% of fashion brand Belstaff to Manchester unicorn whilst making ‘significant strategic investment’.