Tag : company voluntary arrangements
Arcadia to axe 170 head office jobsSubscription
Arcadia is to cut 170 head office roles as Sir Philip Green battles to turn around its fortunes.
Monsoon landlords demand equity stakeSubscription
Four property companies have reportedly demanded an equity stake in Monsoon Accessorize in return for supporting a company voluntary arrangement (CVA).
High street braced for surge of CVAsSubscription
High streets across the UK are preparing for a wave of store closures, as an onslaught of retail company voluntary arrangements (CVAs) looms.
Shopping centres in crisis over rentsSubscription
Shopping centres, already hit by declining footfall and changing consumer habits, are facing further challenges as “unprecedented deals” are being made on rents.
New Look increases UK store closuresSubscription
New Look has confirmed it has closed or will close 85 UK stores, an increase on the 60 planned closures outlined in its company voluntary arrangement (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.
The retail industry expressed a mix of emotions following the approval of House of Fraser’s company voluntary arrangement (CVA) today (22 June). Many suppliers breathed a sigh of relief, but some landlords are understood to be considering legal action against the department store chain.
HoF alters ownership structure ahead of CVA voteSubscription
House of Fraser has altered the ownership structure of one of the two companies facing a company voluntary arrangement (CVA) vote today (22 June).
Administrations, company voluntary arrangements (CVAs), credit insurance cuts and factories demanding upfront payments are all putting unbearable pressure on suppliers in an already-stretched market, industry sources have told Drapers.
House of Fraser chief executive Alex Williamson said making the “brutal and grim” decision to launch a company voluntary arrangement (CVA) was the only way the struggling retailer could fight for survival.