Tag : CVAs
'Worst year on record' for retail Subscription
The prospect of a no-deal Brexit, company voluntary arrangements, shop closures and job losses resulted in the “the worst year on record” for retail in 2019.
Intu issues income warningSubscription
Shopping centre owner Intu Properties said it expects full-year like-for-like net rental income for the three months to 30 September to be down 9% year on year, blaming company voluntary arrangements at Arcadia Group and Monsoon for “more than half” of the reduction.
After months of turnaround turmoil, Debenhams has taken some positive steps in the right direction.
Debenhams wins court battle over CVA Subscription
A challenge against Debenhams’ company voluntary arrangement proposal has been rejected in the high court, paving the way for 22 store closures at the retailer.
CVAs and Brexit hit UK sales at Westfield owner Subscription
Property company Unibail-Rodamco-Westfield (URW), which owns global shopping centres including both London Westfield sites, has blamed Brexit uncertainty and retailer company voluntary arrangements for UK like-for-like net rental income dropping 3.1% year on year for the six months to 30 June.
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.
Monsoon CVA proposal revealedSubscription
Monsoon and Accessorize have launched company voluntary arrangement (CVA) proposals in an attempt to return the businesses to profitability and growth.
Monsoon CVA to offer landlords profit-shareSubscription
Monsoon is reportedly to offer landlords a share of future profits if they approve the retailer’s company voluntary arrangement (CVA) proposals, which are expected to be released later today.
Suppliers squeezed as high street hits new lowSubscription
UK suppliers and brands are facing a “nightmare” as they struggle to secure credit insurance with an increasing number of retailers amid turbulent trading conditions.
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.