Tag : CVA
Retailers take action on propertySubscription
Retailers are seizing the opportunity to take “decisive action” on their property portfolios in 2020, say experts, as restructurings and company voluntary arrangements continue to put downward pressure on rents.
Debenhams reveals store closure datesSubscription
Debenhams has revealed the locations and dates of the 19 stores which are due to shut in the UK this month as part of its company voluntary arrangement (CVA).
Debenhams seeks fresh rent cuts Subscription
Debenhams is seeking fresh rent cuts of up to 25% on around 20 of its stores, in exchange for removing break clauses in the leases.
Landlord appeals Debenhams CVASubscription
A Debenhams landlord has appealed against a judge’s ruling to close stores, as part of the retailer’s company voluntary arrangement.
Arcadia at a Christmas crossroads Subscription
As Topshop CEO Paul Price resigns, and ahead of a slew of lease breaks and the Christmas deadline for the £310m loan repayment on its Topshop London flagship, the future of Arcadia Group looks as uncertain as ever
Mothercare collapse lays bare limits of CVA Subscription
Mothercare’s decision to appoint administrators to its UK operation has “come as no surprise”, as it has been unable to restructure the business fast enough to cope with changing retail trends, industry experts have told Drapers.
Select back in the black Subscription
Operating profit at womenswear chain Select was £2m in the year to 2 December 2018, compared to a loss of £15.5m in the 18 months to 2 December 2017.
Debenhams reveals Eastbourne store closure dateSubscription
Debenhams has announced it will close the doors to its Eastbourne branch by 24 January 2020, as part of its company voluntary arrangement.
Debenhams secures new cash injectionSubscription
Department store chain Debenhams has received a £50m in financing from “certain of its existing lenders”.
British Land has agreed to withdraw its legal challenge to Monsoon Accessorize’s company voluntary arrangement, paving the way for rent reductions of up to 65% across more than half of the retailer’s stores.