Tag : philip green
Landlords ‘feared alternatives’ to Arcadia CVASubscription
Several Arcadia landlords felt forced into accepting the group’s controversial company voluntary arrangement (CVA), to stave off the threat of its collapse into administration.
Arcadia CVA pushed throughSubscription
Arcadia creditors have approved all seven of the group’s company voluntary arrangement (CVA) proposals.
Arcadia suppliers fear big lossesSubscription
Arcadia Group suppliers fear they will not be paid the millions of pounds owed to them if the retailer’s company voluntary arrangement (CVA) proposals are not voted through next week, Drapers has learned.
Arcadia caves in to landlords on rents Subscription
Arcadia Group has revised the rent reductions set out in its company voluntary arrangement (CVA) proposals, in a bid to win landlord support.
Inside Arcadia's 'farcical' CVA meeting Subscription
Arcadia Group’s company voluntary arrangement (CVA) has been branded a “farce” by landlords after the process was suspended at yesterday’s creditors’ meeting, Drapers has learned.
Sir Philip Green and his family will give Arcadia Group’s pension scheme an additional £25m cash injection, helping to clear the way for a restructuring of the struggling retail empire.
Landlords clash with Arcadia over restructuringSubscription
Landlords are dragging their heels over Arcadia Group’s restructuring and are calling for a “formal and transparent” company voluntary arrangement (CVA) proposal, industry sources have told Drapers.
Sir Philip Green is drawing up restructuring plans to save his ailing Arcadia Group empire, but industry insiders have told Drapers the business is not sustainable in its current state, and selling the brands that are thought to be underperforming is the only way to revive its fortunes.