PwC sells ChoicesUK distribution arm
PwC sells distribution arm of ChoicesUK, but still seeks a buyer for its stores
PwC sells distribution arm of ChoicesUK, but still seeks a buyer for its stores
The wholesale and mail order arm of DVD, music and games distributor
ChoicesUK has been sold by adminstrators from PricewaterhouseCoopers, after two
weeks in administration.
The arm has been sold to Findel, which made the acquisition on behalf of
associate company Webb Group.
Nick Cropper, Colin Haig, Mike Jervis and Stephen Oldfield continue to pursue
a sale of its 139 UK stores.
‘Our next task is to sell the retail business of ChoicesUK,’ said joint
administrator Cropper. ‘We have spoken with a number of interested parties and
our priority now is to work hard to achieve a sale of the business as soon as is
possible.’
Further reading:
Picture fades at DVD
distributor
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceInsolvency statistics in the UK for the second quarter of 2023 were the highest since 2009 with 83% of them relating to small businesses Read More...
View articleThere were 6,342 recorded company insolvencies in Q2, reflecting a 9% increase compared to the number of insolvencies in Q1, and a 13% increase compar...
View articleThe survey paints a “brightening” picture of the global economy, according to the ACCA Read More...
View articleThe pandemic may have “distorted” some economic data Read More...
View articleAdvisory firms must offer a “more supportive” and holistic approach to clients amid the economic downturn Read More...
View articleHaving a clear plan and clean data to help optimise the use of scarce resources will be key for businesses Read More...
View articleThe Coronavirus Job Retention Scheme has supported millions of jobs amid the pandemic, but with the support measure set to end in September, how can a...
View articleShift from BBL debt to equity could pose wider business implications Read More...
View article