Tag : CVA
New Look: half a century in fast fashionSubscription
50 years in business
Sports Direct drops Debenhams CVA challengeSubscription
Sports Direct has dropped its challenge against Debenhams’ company voluntary arrangement, but will continue to fund that of property agent Combined Property Control Group (CPC).
Select creditors owed £53mSubscription
Fashion chain Select’s non-preferential creditors, including suppliers and landlords, are owed more than £53m, a report from administrator Quantuma has shown.
Debenhams CVA challenge withdrawnSubscription
Property investment company M&G Real Estate has withdrawn its legal challenge to Debenhams’ company voluntary arrangement, which was approved by creditors in May.
Monsoon Accessorize CVA vote resultSubscription
Monsoon Accessorize creditors have approved the retailer’s company voluntary arrangement, which asks for rent reductions of up to 65% across more than half of its stores.
Topshop Beauty shifts focus Subscription
Topshop has had a change in direction for its beauty range, as it moves away from retail and begins to wholesale its products with etailers Very and Zalando, Drapers understands.
Comment: The use of CVAs needs greater scrutinySubscription
Company voluntary arrangements must be bound by stricter rules, says Ed Cooke, chief executive of commercial property body Revo.
Intu hit hardest by Monsoon CVASubscription
Ailing shopping centre owner Intu faces the biggest threat from Monsoon Accessorize’s company voluntary arrangement.
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.
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.