Former Supergroup CFO sees bankruptcy revoked

Former Supergroup CFO sees bankruptcy revoked

Two months ago Shaun Wills, then CFO at fashion group SuperGroup, was declared bankrupt and subsequently left the company, but he has now managed to get a court to overturn that decision.

Paid his taxes

Wills was declared bankrupt when it became clear he had some 220,000 euro in outstanding taxes, which he has now paid, removing the ground for the bankruptcy decision. He also claimed the situation had nothing to do with his professional career: "I put all of my effort in my work, but not enough in my own personal situation and I should have resolved this situation earlier", he explained to the British paper The Times.

 

A return to his SuperGroup is not on the cards however: even though the reasons for his step back are no longer present, Wills says it is not likely he will return. Rather, he claims to have received offers from several other companies.

Questions or comments? Please feel free to contact the editors


EU guidelines on food donation helpful to reducing food waste

20/10/2017

(Content provided by EuroCommerce) The European Commission adopted yesterday on the World Food Day, EU guidelines on food donation. Retailers and wholesalers welcome these guidelines as supporting efforts to recover and redistribute food to those in need.

Small growth for Metro in 2016/2017

20/10/2017

Metro’s preliminary results show that the German retailer has achieved a 1.6 % growth in its 2016/2017 fiscal year. Even on a like-for-like basis, there was still a slight growth: Metro itself considers it to be a successful year.

Tepid summer leads to weaker ice cream sales for Unilever

19/10/2017

The past summer was not one with a lot of hot days and that has had its effect on Unilever’s ice cream sales. The division’s sales therefore slumped 6.7 %.

Danone alters management structure

19/10/2017

Danone has decided to alter its board structure. The position of chairman and CEO are now both occupied by current CEO Emmanuel Faber.

Difficult third quarter for Carrefour

18/10/2017

Carrefour’s quarterly results illustrate the major challenges the current CEO and his team face, especially in Western Europe. Belgian like-for-like turnover also dropped.

Sainsbury’s will cut 2,000 jobs

18/10/2017

British supermarket chain Sainsbury’s is to cut about 2,000 jobs in the United Kingdom, aiming to save up to 500 million pounds (560 million euro) in an attempt to compete with discounters.

Back to top