Tag : CVA
Sir Philip Green is reportedly splitting up Arcadia Group into separate brands in the hope of selling them “over time”.
Debenhams prepares for legal battleSubscription
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.
Two US landlords, Vornado and Caruso, have withdrawn their legal challenges against Arcadia Group’s company voluntary arrangements.
Arcadia close to deal with US landlordsSubscription
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: half a century in fast fashionSubscription
50 years in business
Sports Direct drops Debenhams CVA challengeSubscription
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 creditors owed £53mSubscription
Fashion chain Select’s non-preferential creditors, including suppliers and landlords, are owed more than £53m, a report from administrator Quantuma has shown.
Debenhams CVA challenge withdrawnSubscription
Property investment company M&G Real Estate has withdrawn its legal challenge to Debenhams’ company voluntary arrangement, which was approved by creditors in May.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 CVA vote resultSubscription
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.
Topshop Beauty shifts focus Subscription
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.
Comment: The use of CVAs needs greater scrutinySubscription
Company voluntary arrangements must be bound by stricter rules, says Ed Cooke, chief executive of commercial property body Revo.
Intu hit hardest by Monsoon CVASubscription
Ailing shopping centre owner Intu faces the biggest threat from Monsoon Accessorize’s company voluntary arrangement.
American landlords question Arcadia debtSubscription
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.
Landlords seek 30% equity in Monsoon Subscription
Landlords are seeking up to a 30% equity stake in Monsoon in return for backing any company voluntary arrangement (CVA) proposals, Drapers has learned.
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.
Suppliers split on Arcadia strategySubscription
Although Arcadia Group suppliers agree that yesterday’s approval of its company voluntary arrangement (CVA) was a “fantastic” result, they are divided over whether product or property is the cause of the retailer’s woes.
Select CVA details revealed Subscription
Womenswear chain Select has outlined the details of its latest company voluntary arrangement (CVA), which was approved earlier this week.
Select CVA given green lightSubscription
Womenswear chain Select’s company voluntary arrangement (CVA) has been approved, securing 1,800 jobs.
Monsoon delays CVASubscription
The founder of womenswear retailer Monsoon Accessorize is understood to have delayed plans to launch a company voluntary arrangement (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.