Tag : CVA
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.
New Look landlords take a stand on rent cutsSubscription
Landlords of several New Look stores are refusing to reduce rent payments as part of the retailer’s company voluntary arrangement (CVA) in favour of getting new tenants in, Drapers has learned.
What caused Calvetron's collapse? Subscription
Drapers investigates why Calvetron Brands went into administration for a second time.
HoF CVA ‘inevitable’, say industry sources Subscription
Retailers, landlords and industry observers have said House of Fraser’s planned company voluntary arrangement (CVA) was “inevitable”, but warned the department store chain needs “serious investment” if it is to turn around successfully.
HSBC has withdrawn credit protection cover for some suppliers of embattled fashion retailer New Look, Drapers understands.
Creditors to Select have expressed growing concern about the future of the high street, after the majority approved the value womenswear chain’s company voluntary arrangement (CVA) last week.
Will the high street suffer a CVA domino effect?Subscription
Following company voluntary arrangements from New Look and Select, and rumours that Mothercare will be next, Drapers asks whether there will be a ripple effect on the high street.
Select CVA vote outcome revealedSubscription
Select’s company voluntary arrangement (CVA) has been approved by its creditors, resulting in rent cuts of up to 75% for its landlords.
Mothercare mulls store closures Subscription
Ailing retailer Mothercare is said to be considering store closures and seeking rent reductions as it battles challenging trading conditions.