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Ex-finance bosses face fraud charges over collapse of Patisserie Valerie

Retail Gazette

Two former Patisserie Valerie finance bosses are among four individuals that have been charged in relation to the bakery chain’s abrupt collapse in 2018. The regulatory body also said the accountancy firm had “missed red flags” and failed to question information provided by management.

Finance 109
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Frasers blocks finance regulator from publishing review findings

Retail Gazette

Subscribe to Retail Gazette for free Sign up here to g et the latest news straight into your inbox each morning The title reports that out of 14 cases where companies withheld consent, three involve Frasers or its group companies, after the introduction of a more transparent corporate reporting review regime in 2018.

Finance 104
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SpartanNash names King VP of finance

Mass Relators

SpartanNash has promoted Tyler King to vice president of finance and finance business partner for the company’s 148-store retail business segment. Since then, he has served as director, retail inventory (2015-2018), director, retail accounting (2018-2020) and most recently, as senior director, finance (2020-2021).

Finance 52
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Brush Up on Accounting with a QuickBooks Course

Small Biz Trends

Managing your company’s books requires teaching yourself special skills in different accounting software. And there are many different accounting software available. QuickBooks is one of the most popular accounting software packages and is specifically designed for small and medium level businesses. hours long.

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Asda’s Issa brothers borrow £7m more from EG Group to cover private jets

Retail Gazette

Subscribe to Retail Gazette for free Sign up here to g et the latest news straight into your inbox each morning This amount includes £31.07m of unsecured loans which the group initially gave to the brothers to purchase the jets back in 2018. All loans have been fully disclosed in the EG Group accounts, and continue to be so.

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Asda’s Issa brothers borrowed £5.6m from EG Group to repay private jet loans

Retail Gazette

in 2022, corporate filings show, on top of the £31m in unsecured loans it gave them to buy the planes in 2018, The Financial Times reported. EG Group said: “As previously disclosed to the Financial Times in 2022, loans to the [Isle of Man] companies are fully disclosed in the EG Group accounts and continue to be so.

Finance 113
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Stater Bros. taps Mike Reed as SVP and CFO

Mass Relators

Reed succeeds Dave Harris, who recently retired as the retailer’s executive vice president of finance, CFO and principal accounting officer. In his new role as senior VP and CFO, Reed will report to chief executive officer and chairman Pete Van Helden and be responsible for the financial accountability of the company.

Finance 52