Camera retailer Jessops is to restructure - meaning that almost half of it will be owned by its biggest creditor - HSBC.
The bank will take a 47 per cent stake in the company, with pension and employee trusts owning the rest.
Jessops, which has a store in Douglas, said the reorganisation would protect 2,000 jobs.
Gas company says reduction is 'great news' for customers in the middle of winter
It takes effect from 1 January 2025
Energy firm scraps licence variation request as government grants two-month extension
"Agreement could not be reached and the application has been withdrawn" says DoI
CURA reduces gas prices for households
It will take effect from 1 January
Barber holding 'pay what you can' day for charity
Money raised will go to the Isle of Man Foodbank
