According to reports, the unsecured creditors, which include major fashion players like Amazon and Chanel, have given Baker until April 23 to comply with the request. The subpoena specifically seeks all communications between Baker and former CEO Marc Metrick, highlighting the creditors’ concerns about potential payments made to vendors within 90 days prior to the bankruptcy filing.

Baker has previously held the position of CEO at Saks Global for a brief period in early 2026 and was instrumental in the merger of Saks Fifth Avenue and Neiman Marcus Group in 2024. His company, NRDC Equity Partners, acquired Lord & Taylor in 2006, further establishing his influence in the retail sector.

Despite the creditors’ requests, Baker has refused to share the requested documents through his attorneys, with Rachel Strickland from Ropes & Gray representing him. The creditors are not currently seeking to depose Baker, but they assert that he possesses responsive information that the committee is entitled to access.

Mark Cohen, a representative for Baker, stated, “The unsecured have no basis for the claims they’re making, other than information that they can gather that would suggest that they have an opportunity to litigate.” This statement reflects the ongoing tension between Baker and the creditors.

On the other hand, the creditors committee has emphasized the necessity of the documents, asserting, “There can be no meaningful dispute that Mr. Baker has responsive information to which the committee is entitled.” This underscores the creditors’ determination to investigate the financial dealings leading up to the bankruptcy.

As the deadline approaches, the situation remains fluid, with potential legal implications for Baker and Saks Global. David Banker, another legal expert, noted the importance of finding a legitimate cause of action for litigation, indicating that negotiations may hinge on the outcome of this subpoena.

Details remain unconfirmed regarding the specific documents the creditors are seeking and the potential repercussions for Baker if he fails to comply. The unfolding situation is likely to have significant ramifications for the future of Saks Global and its leadership.

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BrewDog’s recent administration raises critical questions about the future of one of the UK’s most prominent craft beer companies. The company, which owed over £553.8 million in total book debts at the time of its sale to Tilray Brands, has faced significant financial distress in recent months.

Unsecured creditors in the UK were owed nearly £400 million and are set to receive a payout of less than one pence in the pound, highlighting the dire financial situation. Secured creditors, including HSBC, are expected to face a shortfall of around £85 million. Shareholders, particularly those involved in BrewDog’s ‘Equity for Punks’ crowdfunding scheme, were not anticipated to receive any return on their investments. AlixPartners, appointed as administrator, stated, “On this basis, any shares essentially have no value.”

The sale to Tilray was completed immediately upon AlixPartners’ appointment on 2 March 2026, with the sale price set at £32.9 million. This amount included £10.1 million for intellectual property and £15 million for plant and machinery. Following the administration, BrewDog had to shut 38 pubs and made 484 staff redundant, a move that has drawn criticism from union representatives.

The new owner, Tilray, has expanded its portfolio by adding five former BrewDog sites after the acquisition. Employees were invited to reapply for roles as new teams are assembled, but this has raised concerns. Bryan Simpson, a union representative, described the rehiring invitations as “fire and rehire, plain and simple – and it is morally reprehensible and, in our view, unlawful.” Details remain unconfirmed regarding the exact terms of rehiring for former employees.

Tilray’s immediate focus appears to be on stabilizing operations before pursuing growth. Steven Hill, a spokesperson for the new management, acknowledged the difficulties faced by employees, stating, “We recognise that the last few weeks have been incredibly difficult and will have had a real impact on you and your colleagues.” The buyer has emphasized the importance of reassuring customers and suppliers about payments while making team members feel comfortable in their new roles.

As BrewDog navigates this challenging transition, uncertainties remain regarding the outcome of potential legal challenges under TUPE 2006, which protects employee rights during business transfers. The brewing and hospitality sectors have faced continued pressures, contributing to BrewDog’s distressed sale.

Co-founder James Watt owned 19.15% of the shares in the business at the date of administration, a stake that now appears to hold little value in light of the company’s financial troubles. The future of BrewDog remains uncertain as it embarks on this new chapter under Tilray’s ownership, with stakeholders keenly watching how the situation unfolds.

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“We did everything we possibly could to keep it going, but we got to the point where we couldn’t hold off anymore,” said Kevin Waddison, one of the directors of Coastal Construction, as the company was put into liquidation on March 11, 2026. The firm, which has been the official building contractor for Norwich City Football Club (NCFC), has left a significant financial burden, owing creditors a total of £1.06 million.

Coastal Construction, established by Peter Waddison, who passed away in 2023, ceased trading in October 2025. The company faced mounting pressures, particularly from its 26 creditors, which included Norwich City itself. The financial difficulties were exacerbated by delays in housing projects caused by nutrient neutrality planning rules, which significantly impacted the company’s operations.

Kevin Waddison explained the strain the company was under, stating, “It shows the sort of pressure we were getting from some of our creditors.” Despite the challenges, he and his brother Gary Waddison had injected around £300,000 of their own money into the company last year in an effort to stabilize its finances.

However, these efforts were ultimately insufficient to prevent the liquidation. Kevin Waddison lamented, “Unfortunately we could not trade any longer,” highlighting the difficult decisions faced by the company’s leadership as they navigated through financial turmoil.

The liquidation of Coastal Construction raises questions about the future of its projects and the potential impact on Norwich City, which relied on the company for various construction needs. The firm had also paid for a hospitality box at Carrow Road, further intertwining its operations with the football club.

As the situation unfolds, stakeholders are left to consider the implications of this development. The financial strain on Coastal Construction is a stark reminder of the challenges faced by businesses in the construction sector, particularly in light of regulatory pressures and economic uncertainties.

Details remain unconfirmed regarding the next steps for both Coastal Construction and its creditors, including Norwich City. The outcome of this liquidation process will likely influence future construction projects and partnerships within the region.

As the community processes this news, the focus will shift to how Norwich City and other affected parties will respond to the challenges posed by the liquidation of a key contractor.

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