Tag : CVA
Landlords seek 30% equity in Monsoon Subscription
Landlords are seeking up to a 30% equity stake in Monsoon in return for backing any company voluntary arrangement (CVA) proposals, Drapers has learned.
The tough stance taken by some Arcadia Group landlords forced owner Sir Philip Green to invest more in the business to ensure the controversial company voluntary arrangement (CVA) passed, industry experts have claimed.
Suppliers split on Arcadia strategySubscription
Although Arcadia Group suppliers agree that yesterday’s approval of its company voluntary arrangement (CVA) was a “fantastic” result, they are divided over whether product or property is the cause of the retailer’s woes.
Select CVA details revealed Subscription
Womenswear chain Select has outlined the details of its latest company voluntary arrangement (CVA), which was approved earlier this week.
Select CVA given green lightSubscription
Womenswear chain Select’s company voluntary arrangement (CVA) has been approved, securing 1,800 jobs.
Monsoon delays CVASubscription
The founder of womenswear retailer Monsoon Accessorize is understood to have delayed plans to launch a company voluntary arrangement (CVA).
CVAs leave 850 empty shopsSubscription
More than 850 stores totalling 6 million sq ft of retail space has become vacant as a result of company voluntary arrangements (CVAs) in the past 18 months, new data from commercial property agency Colliers International has found.
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.
Landlords clash with Arcadia over restructuringSubscription
Landlords are dragging their heels over Arcadia Group’s restructuring and are calling for a “formal and transparent” company voluntary arrangement (CVA) proposal, industry sources have told Drapers.
Debenhams’ company voluntary arrangement (CVA) will heavily impact the public purse as “tightly stretched” local authorities across the UK will lose out on millions of pounds in business rates, real estate firm Colliers International has warned.