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Tag : CVA

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  • Mothercare

    Mothercare collapse lays bare limits of CVA Subscription

    News4 November 2019

    Mothercare’s decision to appoint administrators to its UK operation has “come as no surprise”, as it has been unable to restructure the business fast enough to cope with changing retail trends, industry experts have told Drapers.

  • select birmingham

    Select back in the black Subscription

    News14 October 2019

    Operating profit at womenswear chain Select was £2m in the year to 2 December 2018, compared to a loss of £15.5m in the 18 months to 2 December 2017. 

  • Debenhams 3by2

    Debenhams reveals Eastbourne store closure dateSubscription

    News9 October 2019

    Debenhams has announced it will close the doors to its Eastbourne branch by 24 January 2020, as part of its company voluntary arrangement. 

  • Debenhams august 2018 sw

    Debenhams secures new cash injectionSubscription

    News9 October 2019

    Department store chain Debenhams has received a £50m in financing from “certain of its existing lenders”. 

  • Monsoon Accessorize new store format

    British Land drops Monsoon Accessorize CVA challengeSubscription

    News26 September 2019

    British Land has agreed to withdraw its legal challenge to Monsoon Accessorize’s company voluntary arrangement, paving the way for rent reductions of up to 65% across more than half of the retailer’s stores. 

  • 3084529 topshop

    Arcadia to 'separate' brands amid future sale rumoursSubscription

    News2 September 2019

    Sir Philip Green is reportedly splitting up Arcadia Group into separate brands in the hope of selling them “over time”.

  • 3085569 debenhamsandmikeashley

    Debenhams prepares for legal battleSubscription

    News2 September 2019

    Debenhams has reportedly lined up professional services firm Deloitte over fears that it may lose its legal battle relating to its restructuring plan, which launches today.

  • topshop

    US landlords withdraw Arcadia CVA legal challengeSubscription

    News27 August 2019

    Two US landlords, Vornado and Caruso, have withdrawn their legal challenges against Arcadia Group’s company voluntary arrangements. 

  • topshop

    Arcadia close to deal with US landlordsSubscription

    News19 August 2019

    Sir Philip Green is reported to be close to a resolution of the legal challenges brought against his Arcadia Group’s company voluntary arrangement by two US landlords.  

  • New look ss19 (3)

    New Look: half a century in fast fashionSubscription

    Features5 August 2019

    50 years in business

  • Debenhamsandmikeashley

    Sports Direct drops Debenhams CVA challengeSubscription

    News23 July 2019

    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 birmingham

    Select creditors owed £53mSubscription

    News8 July 2019

    Fashion chain Select’s non-preferential creditors, including suppliers and landlords, are owed more than £53m, a report from administrator Quantuma has shown. 

  • Debenhams 3by2

    Debenhams CVA challenge withdrawnSubscription

    News8 July 2019

    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 new store format

    Monsoon Accessorize CVA vote resultSubscription

    News3 July 2019

    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. 

  • 4

    Topshop Beauty shifts focus Subscription

    News28 June 2019

    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.

  • ed cooke revo

    Comment: The use of CVAs needs greater scrutinySubscription

    Comment25 June 2019

    Company voluntary arrangements must be bound by stricter rules, says Ed Cooke, chief executive of commercial property body Revo.

  • barton square courtyard view

    Intu hit hardest by Monsoon CVASubscription

    News24 June 2019

    Ailing shopping centre owner Intu faces the biggest threat from Monsoon Accessorize’s company voluntary arrangement. 

  • topshop

    American landlords question Arcadia debtSubscription

    News24 June 2019

    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. 

  • Monsoon

    Landlords seek 30% equity in Monsoon Subscription

    News14 June 2019

    Landlords are seeking up to a 30% equity stake in Monsoon in return for backing any company voluntary arrangement (CVA) proposals, Drapers has learned.

  • Topshop topman york march 2018 shutterstock 1052904074

    Landlord face-off 'saved Arcadia jobs and pensions'Subscription

    News13 June 2019

    The tough stance taken by some Arcadia Group landlords forced owner Sir Philip Green to invest more in the business to ensure the controversial company voluntary arrangement (CVA) passed, industry experts have claimed.

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