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Tag : CVA

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  • BHS

    BHS seeks cheaper rents as turnaround continuesSubscription

    News8 February 2016

    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

    BHS landlord pours cold water on rent demandsSubscription

    News15 March 2016

    Hermes Investment Management, a landlord of two BHS stores, has expressed concerns about the terms of the retailer’s proposed company voluntary arrangement (CVA).

  • The retailer has lost its way in the past few years

    BHS suppliers flag concerns over proposed CVA Subscription

    News16 March 2016

    Some BHS suppliers have voiced concern over the retailer’s proposed company voluntary arrangement (CVA) ahead of the creditors’ vote next week.

  • Darren Topp, BHS

    BHS boss solicits creditor support for CVASubscription

    News17 March 2016

    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

    BHS's 'biggest creditor to abstain' from CVA voteSubscription

    News21 March 2016

    BHS’s biggest creditor plans to abstain from the vote on its company voluntary arrangement (CVA) proposals on Wednesday, according to reports.

  • Darren Topp, BHS

    BHS’s Darren Topp: ‘Tomorrow the work starts in earnest’Subscription

    News23 March 2016

    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 in Bournemouth

    Beales CVA gains 93% approvalSubscription

    News24 March 2016

    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.

  • BHS

    CVAs: A mutually beneficial arrangement?Subscription

    Features4 April 2016

    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.

  • Austin Reed store London

    'Tough times ahead' for Austin Reed GroupSubscription

    News19 April 2016

    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.

  • Austin Reed

    Lifestyle retailers circle Austin Reed’s market town portfolioSubscription

    News3 May 2016

    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.

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