House of Fraser has confirmed plans to close stores as part of a company voluntary arrangement (CVA) after owner Nanjing agreed a deal to sell a controlling stake in the company to the owner of Hamleys.
2018 - Media Team Retailp.com
Embattled department store chain House of Fraser has announced plans to launch a company voluntary arrangement (CVA) in June.
2018 - Media Team Retailp.com
The owner of comfort footwear brand Hotter Shoes issued a brief statement on Friday saying that it’s planning a company voluntary arrangement (CVA) process for the business.
2020 - Media Team Retailp.com
The talk this week is that struggling department store Debenhams is edging closer to a company voluntary arrangement (CVA) and also that the company has secured a lifeline from its lenders while a debt-for-equity swap is a possibility.
2019 - Media Team Retailp.com
Struggling fashion chain Select is to launch yet another CVA as it seeks a third round of rent reductions on the back of the pandemic crisis.
2020 - Media Team Retailp.com
After nearly two centuries in family ownership, Clarks has clinched a rescue deal with a Hong Kong investment company taking control of the business, keeping stores open and cutting relatively few jobs for now.
2020 - Media Team Retailp.com
LK Bennett is the latest British retailer to have its company voluntary arrangement (CVA) approved and the retailer is planning to close five of its stores as a result of that approval.
2020 - Media Team Retailp.com
Ann Summers is the latest UK retailer to be preparing for a CVA as its most recent financial year saw its losses widening and rent costs are proving to be a huge burden. The lingerie-to-sex-toys retailer’s CVA could be launched in the next week or so.
2020 - Media Team Retailp.com
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Pending approval of the CVAs, it is anticipated that stores scheduled for closure will remain open until early in 2019.
2018 - Media Team Retailp.com
Creditors have given Cotswold Outdoor owner Outdoor & Cycle Concepts their approval for an insolvency plan, paving the way for four store closures and dozens of rent reductions.
2019 - Media Team Retailp.com
Moss Bros is considering closing some of its stores as the men’s formalwear specialist deals not only with the aftermath of the lockdown that hurt retailers generally, but the cancellation of so many of the events on which its business very specifically depends.
2020 - Media Team Retailp.com
Aspinal of London is the latest British retailer to launch a CVA proposal as the effects of a pandemic have made its current business model unviable.
2020 - Media Team Retailp.com
Footwear giant Clarks is reportedly planning a company voluntary arrangement as it seeks to close under-performing stores in order to clinch a rescue deal.
2020 - Media Team Retailp.com
Monsoon Accessorize has released details of its company voluntary arrangement (CVA) plan and it's asking its landlords to approve rent cuts on as many as 135 of the 258 stores that it currently leases. The move comes after the company said that it has seen a period of "difficult" trading.
2019 - Media Team Retailp.com
Debenhams is reportedly mulling further rent cuts and additional store closures as part of its ongoing CVA to avoid becoming the next retail casualty from the coronavirus crisis.
2020 - Media Team Retailp.com
The Restaurant Group has announced a proposal to reduce the size of its Leisure estate and rental cost base by the implementation of a company voluntary arrangement (CVA).
2020 - Media Team Retailp.com
The Henri Lloyd chain is the latest British retail business to go under with the company having called in administrators. The clothing-to-accessories brand, which was founded in Manchester in the 1960s, specialises in waterproof clothing for hobby and professional sailors, as well as other sports-linked pieces that also cross over into athleisure. All that would seem to have made it a business with strong prospects in the British market.
2018 - Media Team Retailp.com
UK shopping malls are under huge pressure at the moment as a wave of retailer failures and CVAs sees retail space lying empty or generating lower rents. Earlier this week Hammerson highlighted just how much this has affected it and on Wednesday it was rival Intu Properties’ turn.
2019 - Media Team Retailp.com
Jigsaw has received backing from its creditors for its CVA plan with the firm telling Fashionnetwork.com that it will close 13 of its stores.
2020 - Media Team Retailp.com
New Look has clinched the support it needed from its creditors to get its company voluntary arrangement across the finishing line with the majority voting in its favour.
2020 - Media Team Retailp.com
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