Tag : CVA
American landlords question Arcadia debtSubscription
American landlords have questioned why Arcadia Group’s debts to certain suppliers fluctuated at the time of the second vote on the group’s company voluntary arrangement, potentially lessening landlords’ power to block it.
Arcadia close to deal with US landlordsSubscription
Sir Philip Green is reported to be close to a resolution of the legal challenges brought against his Arcadia Group’s company voluntary arrangement by two US landlords.
Arcadia reveals stores to close under CVASubscription
Arcadia Group has proposed seven company voluntary arrangements (CVAs) across its companies, which if approved would result in 23 UK store closures and the closure of all eleven Topshop Topman stores in the US.
Sir Philip Green is reportedly splitting up Arcadia Group into separate brands in the hope of selling them “over time”.
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.
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 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 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 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 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.