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Cotswold Outdoor store closures under CVA

Two Cotswold Outdoor stores and one Snow+Rock shop are to close as part of the approved Outdoor & Cycle Concepts company voluntary arrangement (CVA). 

Under the CVA, approved this morning by more than 97% of creditors, four stores from the UK retailer’s portfolio will close in the next three months. 

This includes the Peterborough and Ipswich branches of Cotswold Outdoor and the Bridgend Snow+Rock store. 

Outdoor & Cycle Concepts also owns the brands Runners Need and Cycle Surgery. One Cycle Surgery store will also be affected. 

Managing director Jose Finch said: “This positive outcome is an important step in our transformation programme to build a stronger future.  We will now work hard to activate our proposal ensuring that store closures and job losses are kept to a minimum whilst continuing to offer our customers unparalleled expert service and the very best products from quality brands.”

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