Tag : company voluntary arrangement
CVAs are 'a sticking-plaster solution' Subscription
More than half of retailers that underwent a company voluntary arrangement from 2016 onwards have fallen into administration, new research has shown.
Debenhams seeks fresh rent cuts Subscription
Debenhams is seeking fresh rent cuts of up to 25% on around 20 of its stores, in exchange for removing break clauses in the leases.
British Land has agreed to withdraw its legal challenge to Monsoon Accessorize’s company voluntary arrangement, paving the way for rent reductions of up to 65% across more than half of the retailer’s stores.
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.