Victoria PLC has confirmed the retirement of Group CEO Philippe Harmes, as flagged in October, and will not replace the role, instead empowering

Victoria PLC completed a sale and leaseback of its Belgian distribution centre for c.€34m, crystallising an uplift versus the

This morning’s profit warning from Victoria PLC reinforces that this is still fundamentally a volume-driven issue. While management continues to

Ahead of publishing its half-year results for the period ending September 2025, Victoria has released a trading statement reaffirming its

The 2028 bondholders have rejected the exchange offer from Victoria Plc, choosing not to accept the distressed offer to uptier the balance. Admittedly, we had

Philippe Hamers, Group CEO of Victoria Plc, has announced his intention to retire in the middle of next year. The timing makes some sense,

The final blow to the 2028 Noteholders has been delivered via this morning's exchange offer. These holders were already significantly disadvantaged by

Victoria is holding its AGM today and has therefore released an AGM statement to the market. However, the Company have provided very little

Deal is done, and the proverbial can is kicked down the road. We maintain that this deal only offers a short-term improvement in liquidity and

(Wolfgang on behalf of Tomas) The company disclosed that over 97% of holders of the 2026 notes are supporting the amendments. Since these

Victoria Plc has confirmed that 78% of the 2026 Noteholders voted in favour of the recent consent solicitation to elevate the ranking of the

Victoria Plc has launched a consent solicitation to amend and extend its 2026 Notes. With approximately 90% of these bondholders already party to

The balance sheet restructuring of Victoria Plc is painfully slow, but another milestone was completed today. The RCF, which had traded away from

Market chatter confirms that £27m VIctoria RCF was auctioned yesterday, but we can't confirm if it traded. This follows a similar size piece that

Moody's downgraded Victoria plc Senior Secured bonds to Caa1 from B3 keeping outlook negative, driven by the refinancing risk associated with upcoming

Victoria Plc released a Q3 update, confirming its trading outlook expectations to be in line with market consensus. Overall, market consensus is

The Spruce House Partnership has effectively left the share register in Victoria Plc, reducing its exposure to 3.8%.  Spruce House historically had

Fitch has caught up with the reality of Victoria's situation and downgraded the bonds to B+ from BB. This is a reaction to the deterioration of EBITDA as

A new shareholder has appeared on Victoria’s register, Philosophy Capital Management LLC, with a 6.6% stake.  In context, this is a £3m position and

The share register in Victoria Plc continues to evolve as The Spruce House Partnership exits its position.  From holding 20.7% at year-end, they have reduced to

Before releasing their H1 numbers next Tuesday (26th), the Company has announced the sale of its ceramic business in Turkey.  Cash proceeds are

We will be hosting a call on Victoria on Friday 22nd. Victoria Plc confirmed their previous guidance issued in early October that H2 will see

S&P has downgraded Victoria to B—with a negative outlook due to increasing leverage and upcoming maturities,