All Carpetright articles – Page 3
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NewsThe Original Factory Shop tables CVA proposal
The Original Factory Shop (TOFS) has become the latest retailer to launch a CVA amid harsh retail conditions, Retail Week can reveal.
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NewsCarpetright swings to massive full-year loss as sales fall
Carpetright swung to a loss amid falling sales last year as the struggling business launched a CVA.
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NewsAgenda: Carpetright, John Lewis Partnership and Be Inspired
Retail Week looks ahead to the next seven days, with updates from Capetright and John Lewis Partnership on the agenda, as well as the Retail Week Be Inspired conference.
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OpinionOpinion: Improving is not winning in retail
The roll call of failed or struggling retailers is growing: Toys R Us, Maplin, Poundworld, Carpetright, Mothercare, House of Fraser.
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NewsCarpetright secures £60m lifeline through share issue
Carpetright has secured the £60m it needs to fund its CVA and restructuring costs via a share issue.
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NewsLandlords prepare to take tougher stance on retail CVAs
Property owners are poised to take a more hard-nosed approach to retail CVAs.
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NewsDunelm warns on profits as like-for-likes slide
Dunelm has issued a profit warning after experiencing “trading conditions materially more challenging than expected”.
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NewsM&S calls for new retail property model
Marks & Spencer chief executive Steve Rowe has added his voice to the chorus of concern over retail’s property cost crisis.
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NewsNext slammed by property body for ‘nonsense’ CVA clause
The British Property Federation (BPF) has taken a swipe at Next after the retailer requested the implementation of a so-called ‘CVA clause’.
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NewsCarpetright launches share issue to fund CVA
Carpetright has issued shares in a bid to raise £60m to support its company voluntary arrangement (CVA) and restructure.
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AnalysisAnalysis: Does the CVA need a restructure of its own?
It was an unprecedented step – and one that consequently sent tremors pulsing through the retail and property industries.
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NewsAgenda: Asda, Mothercare and Burberry update the market
Retail Week looks ahead to the next seven days, with updates from Mothercare, Gear4Music and Asda on the agenda.
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NewsTapi plots swoop on Carpetright stores as CVA nears
Tapi is speaking with Carpetright’s landlords in the hope of snapping up a clutch of the retailer’s stores that are subject to rent reductions under the terms of its impending CVA.
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NewsCarpetright unveils losses as shareholders approve CVA
Carpetright has today revealed that it expects to report full-year pre-tax losses in the region of £7m to £9m.
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NewsCarpetright creditors vote in favour of CVA
Carpetright has overcome a major hurdle in its bid to launch a company voluntary arrangement (CVA) after its creditors voted in favour of the proposals.
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NewsCarpetright investor builds stake ahead of CVA vote
Carpetright’s biggest investor, hedge fund Meditor Capital Management, has upped its stake in the retailer almost to the level that would oblige it to make a formal takeover offer.
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NewsAgenda: Boohoo, N Brown and Carpetright's CVA vote
Retail Week looks ahead to the next seven days, with updates from Booho and N Brown and Carpetright’s CVA vote on the agenda.
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NewsWill Carpetright’s CVA put it on a firmer footing?
Troubled Carpetright has today put forward a proposal to close nearly a quarter of its stores and renegotiate rents on a chunk of others through a CVA – a controversial restructuring tool.
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NewsCarpetright to axe 90 stores under CVA plan
Carpetright plans to shutter more than 90 stores and slash rents at more than 100 other sites amid a “fundamental restructuring” of its property portfolio.
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AnalysisHow Carpetright’s founder became its worst enemy
Floorings stalwart Carpetright has been in the wars lately. After three profit warnings it is now considering a CVA to exit unwanted stores as sales stall.