Tag : CVA
BHS seeks cheaper rents as turnaround continuesSubscription
BHS has hired financial services firm KPMG to help cut its rent bill on more than 30 “problem” stores as part of its turnaround plan.
BHS landlord pours cold water on rent demandsSubscription
Hermes Investment Management, a landlord of two BHS stores, has expressed concerns about the terms of the retailer’s proposed company voluntary arrangement (CVA).
BHS suppliers flag concerns over proposed CVA Subscription
Some BHS suppliers have voiced concern over the retailer’s proposed company voluntary arrangement (CVA) ahead of the creditors’ vote next week.
BHS boss solicits creditor support for CVASubscription
BHS chief executive Darren Topp has pleaded with suppliers and landlords to support the firm’s proposed company voluntary arrangement (CVA) ahead of the creditors’ vote next week.
BHS’s biggest creditor plans to abstain from the vote on its company voluntary arrangement (CVA) proposals on Wednesday, according to reports.
BHS has secured its short-term future after creditors voted in favour of its company voluntary arrangement (CVA) for BHS Ltd, one of two companies within the group that comprises 125 of its stores.
Beales CVA gains 93% approvalSubscription
Beales’ creditors have voted in favour of the department store group’s company voluntary arrangement (CVA) today, just a day after BHS also gained approval for its CVA proposals.
CVAs: A mutually beneficial arrangement?Subscription
Company voluntary arrangements (CVAs) can save jobs in the short term, but some argue they present creditors with an unfair ultimatum and are often doomed to fail. Drapers looks at the arguments for and against going down this controversial route.
'Tough times ahead' for Austin Reed GroupSubscription
Alteri Investor’s acquisition of Austin Reed Group late last Friday will provide a temporary respite for the business, but the turnaround will be tough and womenswear may not be central to its future proposition, sources have told Drapers.
The future of Austin Reed, CC and Viyella remains uncertain as administrators assess initial offers for the whole business, while a raft of retailers circle stores from its “strong” portfolio in predominantly affluent market towns.