Tag : CVA
Store Twenty One struggling to meet rent termsSubscription
Value fashion retailer Store Twenty One is in talks with its lenders as it is struggling to meet rent payments.
Landlord concerns over Blue Inc CVA Subscription
Blue Inc landlords have raised concerns over the future of the business after it filed for a company voluntary arrangement (CVA) last week.
Blue Inc files for CVASubscription
Blue Inc has filed for a company voluntary arrangement (CVA), allowing it to shut unprofitable stores and reduce rents just over a year after going through a pre-pack administration.
Value fashion retailer Store Twenty One is looking to close 82 stores after creditors voted in favour of its company voluntary arrangement (CVA), Drapers understands.
Store Twenty One appoints AlixPartners for CVASubscription
AlixPartners has been appointed nominees for a company voluntary arrangement (CVA) for Grabal Alok, which trades as Store Twenty One.
The future of Austin Reed, CC and Viyella remains uncertain as administrators assess initial offers for the whole business, while a raft of retailers circle stores from its “strong” portfolio in predominantly affluent market towns.
'Tough times ahead' for Austin Reed GroupSubscription
Alteri Investor’s acquisition of Austin Reed Group late last Friday will provide a temporary respite for the business, but the turnaround will be tough and womenswear may not be central to its future proposition, sources have told Drapers.
CVAs: A mutually beneficial arrangement?Subscription
Company voluntary arrangements (CVAs) can save jobs in the short term, but some argue they present creditors with an unfair ultimatum and are often doomed to fail. Drapers looks at the arguments for and against going down this controversial route.
Beales CVA gains 93% approvalSubscription
Beales’ creditors have voted in favour of the department store group’s company voluntary arrangement (CVA) today, just a day after BHS also gained approval for its CVA proposals.
BHS has secured its short-term future after creditors voted in favour of its company voluntary arrangement (CVA) for BHS Ltd, one of two companies within the group that comprises 125 of its stores.