All Insolvency & administration articles – Page 15
-
NewsMonsoon CVA under pressure as landlords cast doubts
Monsoon’s proposed company voluntary arrangement is already facing opposition from large landlords ahead of its reported launch tomorrow, Retail Week understands.
-
NewsArcadia to axe 170 head office jobs
Arcadia is wielding the axe on 170 head office jobs as Sir Philip Green’s fashion group ramps up its turnaround efforts.
-
NewsArcadia CVA on knife edge as Intu rejects revised deal
Arcadia’s biggest landlord operator Intu has rejected the retailer’s revised CVA proposal, but the Topshop owner remains hopeful of salvaging its controversial deal ahead of the second vote on Wednesday.
-
NewsSelect CVA gets green light from creditors
Select has secured approval for its second CVA in just over 12 months as 87% of creditors backed its latest proposal.
-
NewsArcadia CVA: Rent cuts reduced as Green plugs gap
Sir Philip Green’s retail empire Arcadia has pledged to reduce the rent cuts proposed in its CVA in a bid to get landlords onside, Retail Week can reveal.
-
NewsMonsoon not looking to close stores in CVA
Monsoon is not looking to close any stores as part of its delayed CVA proposal, but it is looking to resize a number of units in its estate as well as slash or even eliminate rents on a number of others.
-
VideoWatch: How can Philip Green get Arcadia CVA over the line?
After Arcadia’s CVA vote ended in stalemate yesterday, the team run through what happened and debate what it might take to get it over the line.
-
NewsGreen allegations cast fresh shadow over Arcadia CVA plans
Arcadia owner Sir Philip Green has been charged with four counts of misdemeanour assault in the US over the weekend, which has thrown his group’s restructuring plans into fresh doubt.
-
NewsPension watchdog demands £50m more from Arcadia
The pension watchdog is calling for an extra £50m injection from Arcadia into its retirement scheme in exchange for votes to prevent the failure of its financial restructuring proposal.
-
NewsMonsoon landlords call for equity stake ahead of CVA
A number of landlords have written to Monsoon demanding an equity stake in the business, in return for supporting any company voluntary arrangement.
-
NewsBig four shopping centre landlords face 'long-term risk' from CVAs
One fifth of shopping centre floorspace being let by the four biggest real estate investment trusts is to retailers in administration or with shrinking sales, according to new analysis by UBS.
-
NewsArcadia refuses to pay more into pensions as CVA hangs in balance
Arcadia is refusing to pump more cash into its pension deficit as part of its CVA proposal, despite increasing fears pension regulators could vote against the group’s restructuring plan.
-
NewsSelect administrators launch CVA
Select has filed proposals for a CVA in order to slash rents, after it fell into administration earlier this month.
-
NewsGreen offers £185m in assets for Arcadia pension black hole
Sir Philip Green has offered £185m in additional funds primarily made up of property assets to reduce Arcadia’s pension deficit in a bid to win approval for its CVA.
-
OpinionOpinion: How retailers and landlords can restore faith in CVAs
With Arcadia Group becoming the latest high street retailer to pursue a CVA to close stores and slash rents, retail landlords are increasingly reaching the end of their tether. British Property Federation boss Melanie Leech outlines how the gulf between retailers and landlords can be closed
-
NewsArcadia CVA plan slammed by Pensions Regulator
Arcadia’s plans to shutter stores, slash rents and axe hundreds of jobs have come under fire just hours after they were unveiled.
-
NewsAshley considers legal challenge over Debenhams rescue plan
Sports Direct owner Mike Ashley is examining the possibility of launching legal action against Debenhams, after its controversial company voluntary arrangement was approved earlier this month.
-
NewsArcadia sales slump as Green mulls closing international arm
The poor financial state of Sir Philip Green’s Arcadia Group has been laid bare in documents sent to landlords ahead of an imminent company voluntary arrangement.
-
NewsBoxpark boss Wade: Retail 'on the edge of a precipice'
Boxpark boss Roger Wade has warned retail is “on the edge of a precipice” and urged the government to intervene to save Britain’s high streets.
-
AnalysisAnalysis: Is Westfield delay making Croydon a retail graveyard?
Westfield and Hammerson’s new £1.4bn Croydon mega-mall was heralded as a catalyst for regeneration. However, construction is delayed, the scheme is ‘under review’ and traders are being forced to shut up shop. Hugh Radojev investigates
