Tag : CVA
Retailers using CVAs to lower business ratesSubscription
Struggling retailers are turning to Company Voluntary Arrangements (CVAs) in order to lessen the strain of business rates.
Retail hit hardest by big business job losses Subscription
Brexit, online competition and a slew of Company Voluntary Arrangements (CVAs) have been blamed for a 50,000 drop in jobs at Britain’s largest businesses in the last six months, with the retail industry hardest hit.
New Look landlord Frogmore has warned that retailers are “taking advantage” of company voluntary arrangements (CVAs) to cut their rent bills.
Property owners are considering legal action against department store House of Fraser as it seeks to close 31 of its 59 stores in a company voluntary arrangement (CVA).
House of Fraser CVA revealedSubscription
House of Fraser proposes to close 31 of its 59 stores, affecting 6,000 staff, in its company voluntary arrangement (CVA) filed yesterday.
Lenders to the embattled department store House of Fraser are said to be demanding evidence that the retailer’s Chinese owner will invest fresh funding into the business.
Retail insolvencies jump 7% year on yearSubscription
The number of retailers entering insolvency has increased by 7% in the past year, research by law firm RPC shows.
Helen Dickinson, chief executive of the British Retail Consortium, tells Drapers how the government can ease the pressure on the high street.
Mothercare launches CVA as Newton-Jones returnsSubscription
Former Mothercare CEO Mark Newton-Jones is set to return to the retailer, as it announced the closure of 50 stores as part of a company voluntary arrangement (CVA).
Retailers have reiterated calls for government intervention to help the high street amid concerns regional towns will be left reeling from a wave of store closures.