Tag : 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.
Landlords are likely to set a precedent with a hardball approach to Arcadia’s expected company voluntary arrangement (CVA), as they grow increasingly frustrated with retail restructurings, property sources have told Drapers.
Company administrations reach five-year high Subscription
The number of companies going into administration at the start of 2019 climbed to the highest level in five years, new research has found.
High street braced for surge of CVAsSubscription
High streets across the UK are preparing for a wave of store closures, as an onslaught of retail company voluntary arrangements (CVAs) looms.
Profits plummet at DebenhamsSubscription
Adjusted EBITDA at Debenhams dropped by 36.6% to £65.9m in the 26 weeks to 2 March, as a result of lower sales and a decline in gross margins.
Debenhams reveals stores to close under CVASubscription
Debenhams has proposed a company voluntary arrangement (CVA), which if approved would result in 22 store closures in early 2020.
The supply-chain tie-up with Chinese sourcing giant Li & Fung is a vote of confidence in the flagging retailer.