Update on retail CVAs 12th June 2019. Today we have seen updates on 3 of the recent retail CVAs. Intu deals blow to Arcadia hopes Shopping centre owner Intu is planning to vote against Sir Philip Green’s revised proposals to

Green in final attempt to save Arcadia. 10/06/19. Arcadia Group owner Sir Philip Green has offered to provide landlords an additional £30m in funding to lessen the impact of proposed rent reductions, after failing to secure support for a CVA

UPDATE: Monsoon holds back rescue plan 7/6/19 Peter Simon, the owner of the Monsoon and Accessorize retail chains, has delayed plans for a CVA after landlords failed to back a similar plan for Arcadia. The CVA, led the by Deloitte,

Arcadia postpones CVA vote. 7th June 2019. Arcadia Group and its advisors at Deloitte have postponed a meeting of suppliers, landlords and other creditors voting on seven CVAs until 12 June, amid reports that landlords at Aviva, M&G and Intu

Retail sales suffer their worst month in 24 years. 4th June 2019. Retail sales suffer their worst month in 24 years. UK shoppers shunned the high street last month leading to sales plunging in May faster than at any time