Scottish seaweed product company placed into administration

The Oceanium Limited business, producing farmed seaweed-derived bioactive and food ingredients, has been acquired by Juno Mara Limited following an independent marketing process. Scottish seaweed company placed into administration (Image: Getty Images) James Fennessey and Blair Milne, of Azets’ Restructuring & Insolvency in Glasgow, were appointed joint administrators after the firm was “unable to secure…

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Belgian fashion chain Paprika bankrupt: 30 stores close

The Belgian fashion chain Paprika was declared bankrupt on Wednesday. As a result, 30 stores will close and 151 employees will lose their jobs. The retailer had previously closed all of its locations in the Netherlands and Germany. No buyer found Paprika had been undergoing judicial reorganization proceedings since March 5. By the time the…