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Novo Nordisk to lay off 9,000 workers as new CEO aims to save $1.3B per year by late 2026

The global healthcare company headquartered in Denmark and makers of Ozempic and Wegovy, is undertaking a major shake-up. New CEO Maziar Mike Doustdar announced in September that the company will cut…

Claire’s has collapsed into administration in the UK and Ireland operations, placing more than 2,000 jobs at risk.

On 13 August 2025, Claire’s UK and Ireland operations entered administration, placing over 2,000 jobs and around 300 stores at risk - specifically affecting 306 stores across those regions. Following…

BCN3D assets acquired by Quantum after bankruptcy filing

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UK's third-largest steelworks collapses into government control

The UK’s third-largest steelworks, Speciality Steels UK (part of Sanjeev Gupta’s Liberty Steel), has been placed under government control after being declared insolvent. Nearly 1,500 jobs in Rotherham…

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Claire’s has collapsed into administration in the UK and Ireland operations, placing more than 2,000 jobs at risk.
On 13 August 2025, Claire’s UK and Ireland operations entered administration, placing over 2,000 jobs and around 300 stores at risk - specifically affecting 306 stores across those regions. Following the collapse of Claire's US, for the second time in seven years, Claire's France was put into receivership earlier in August and stores in Germany, Austria and Italy are also closing. In the UK the chain is continuing to trade whilst exploring strategic options.

The popular high street brand, known for its accessories, follows its US parent’s recent bankruptcy filing, underscoring a precarious financial position. Insolvency practitioners have been appointed and plan to keep all 306 UK and Ireland stores open for now while they explore strategic options, including a possible sale of the business as a going concern. The administration has halted Claire’s online orders. The collapse reflects deep structural challenges amid rising competition, shifting consumer habits, and debt pressures.

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