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The Latest Breaking News from AlixPartners

Barclays’ sale of Daily and Sunday Telegraph could take months to complete, warn banks

Sale is set to a spark bidding war amid debts of £1 billion

Evening Standard

Telegraph and Spectator titles set to be auctioned off by Lloyds Banking Group

THE Telegraph newspapers and The Spectator magazine are due to be put up for auction within days amid a bitter row between the title’s…

The National (Scotland)

Daily Telegraph and Sunday Telegraph newspapers to be put up for sale

Barclay family have lost control of crown jewel media assets in bitter row with newspaper group’s lender

The Guardian - UK

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Almost 4,600 hospitality firms close in year as energy bills rocket – figures

Restaurants suffered a particularly damaging year, with the number of licensed restaurants shrinking by 7.8% over the year.

The Independent UK

Family-run pubs remain exposed after London hit hardest by Covid closures

London landlords are facing the end of government support and are hoping for drinkers to keep coming back to the pub

Evening Standard

Revealed: The great Brexit pubs and clubs shutdown

Number of hospitality venue closures soars six-fold in a year - triggered by EU staff shortages

The Independent UK

Too few retail execs have the chops to be CEO anymore

Retail boards are struggling with fewer prospects to fill the corner office.

Fortune

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Cost of living crisis has closed more pubs and restaurants than Covid

Experts said the mass closures was largely due to rampant cost inflation, particularly through rising energy bills

Wales Online

Corporate execs are increasingly "paralyzed" with anxiety

Companies haven't been this risk-averse since the pandemic started.

Axios

Cineworld Nears Bankruptcy as Theater Comeback Lags

Cineworld Group PLC, the owner of Regal Cinemas, is preparing to file for bankruptcy within weeks after struggling to rebuild movie-theater attendance from pandemic lows, according to people familiar with the matter.

Bangkok Post

Electric Car Prices Spiking Due To Rising Costs And Demand

As demand for a product grows and materials become scarce or difficult to acquire, prices rise. Research puts the average price of a new EV at $54,000.

InsideEVs

AlixPartners warns Wall Street's 2023 auto industry profit expectations are 'heavy lift'

A consulting firm is warning Wall Street that an expected growth in profits for the automotive industry in 2023 may not come to fruition even as volumes increase from an extended semiconductor shortage.

Tribune News Service

One pub shuts every two hours as more closures likely due to staffing and supply issues

Research by consultants CGA and AlixPartners found that 106,000 pubs, restaurants and other licenced premises have been closed since the start of the Covid pandemic

Daily Mirror

How automakers are rethinking supply models amid war, pandemic, earthquakes

The global auto industry just can't catch a break: automobile wire harnesses made on picnic tables because of a war in Ukraine, semiconductor plants halting production from an earthquake in Japan and backed-up ports in China amid rising COVID-19 cases are straining vehicle supply chains — again.

Tribune News Service

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Asharq Al-Awsat

Teneo Launches Financial Advisory Business in the Middle East

New York-based Teneo said on Monday it was launching a financial advisory business in the Middle East. The company has hired restructuring veterans Matthew Wilde and Elie Fakhoury from AlixPartners, it said, Reuters reported. Wilde was involved in the restructuring of Dubai builder Arabtec and hospital operator NMC healthcare, while…

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