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Electric Business

A brief summary of business news to keep you informed on company start-ups, corporate downsizing and mergers and acquisitions. Electric Marketing provides this service as free to access here, or it can be emailed to you monthly. Just Sign Up

Wed, 08/07/2020
Returnloads.net, an online marketplace for hauliers and freight forwarders, has been taken over by the transport management software provider Mandata.
Wed, 08/07/2020
One of the world’s largest online food delivery company has been created following the announcement that Just Eat is to buy Grubhub.
Wed, 08/07/2020
Businessmen Sir Malcolm Walker and Tarsem Dhaliwal have taken full ownership of the frozen food retailer Iceland via a management buyout. Walker founded the retailer in 1970 and it has since grown to more than 1,000 stores across the UK.
Wed, 08/07/2020
Kettlewell Fuels has completed a management buyout which means Janet and Trevor Kettlewell take outright ownership of the business from the Kettlewell family.
Wed, 08/07/2020
The wellness and medicinal cannabis company Sativa Group has agreed to be taken over by StillCanna.
Wed, 08/07/2020
Fibre optics distributor TechOptics has been taken over by the Swedish company Hexatronic.
Wed, 08/07/2020
The eCommerce agency Marvellous has been bought by Ponderosa and merged with Grapple. Established in 2010, Ponderosa is a marketing agency which has clients including Hisense, Russell Hobbs and Sovereign Healthcare.
Fri, 03/07/2020
The owner of the restaurant chains Café Rouge, Las Iguanas, Belgo and Bella Italia has gone into administration. Casual Dining Group says it is permanently closing 91 of its 250 restaurants with the loss of 1,900 jobs, which accounts for almost a third of the group’s employees. Administrators hope to be able to find buyers for some or all of the brands.
Wed, 01/07/2020
Harveys Furnishing Group has been put into administration. The administrators have made 240 job cuts but the business continues to trade. Another business in the same ownership, Bensons for Beds, was also put into administration but was immediately bought back by the owners, who plan to reduce the number of Bensons outlets from 243 to around 150 over time.
Wed, 01/07/2020
The formal menswear retailer TM Lewin has permanently closed all of its shops with the loss of 600 jobs. The business will continue as an online-only operation.