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Tag : CVAs

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  • high street

    'Worst year on record' for retail Subscription

    News9 January 2020

    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. 

  • 3085904 intu potteries

    Intu issues income warningSubscription

    News6 November 2019

    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.

  • debs

    Debenhams banks on own brand Kley to unlock its recoverySubscription

    News24 September 2019

    After months of turnaround turmoil, Debenhams has taken some positive steps in the right direction. 

  • debenhams

    Debenhams wins court battle over CVA Subscription

    News19 September 2019

    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. 

  • 3078055 westfieldlondonexpansion2

    CVAs and Brexit hit UK sales at Westfield owner Subscription

    News1 August 2019

    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 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. 

  • Monsoon

    Monsoon CVA proposal revealedSubscription

    News20 June 2019

    Monsoon and Accessorize have launched company voluntary arrangement (CVA) proposals in an attempt to return the businesses to profitability and growth.

  • Monsoon 1071170

    Monsoon CVA to offer landlords profit-shareSubscription

    News19 June 2019

    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.

  • Topshop bracknell

    Suppliers squeezed as high street hits new lowSubscription

    News11 June 2019

    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.

  • Shop closing

    CVAs leave 850 empty shopsSubscription

    News6 June 2019

    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.

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