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Edelweiss ARC Shifts Strategy Under New CEO Arun Mehta

Edelweiss Asset Reconstruction Company has appointed former SBICAP chief Arun Mehta as MD and CEO to accelerate its pivot toward retail and MSME stressed assets. This leadership change follows a fiscal year where retail exposure surged to 29%, marking a transition from traditional large-scale corporate insolvency toward high-volume, granular recovery models. The Operational Pivot The…

Eastbourne pier future in doubt after forced liquidation

The future of the iconic Eastbourne Pier has been thrown into serious doubt after its operating company, Lions Pier Limited, was forced into compulsory liquidation. The future of the iconic Eastbourne Pier has been thrown into serious doubt after its operating company, Lions Pier Limited, was forced into compulsory liquidation.  The Liquidation and Court Order…

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Barbeques Galore business to be wound up

Barbeques Galore has not secured any offers “capable of acceptance or implementation” since the company entered voluntary administration in February 2026, so the business will be wound up on June 16, according to the firm that led the sale process, Ankura. It is expected that 62 stores will be closed and the remaining 27 franchise-owned…