UK hit by a cold front – literally and financially

Business
UK hit by a cold front – literally and financially James Salmon 21st June 2019. May was miserable and June hasn’t been much better. It seems the traditional April showers have decided to settle and make a summer of it.
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CVAs have led to 1,000 store closures

Business
CVAs have led to 1,000 store closures 19th June 2019. A new study suggests the use of company voluntary agreements (CVAs) has led to the closure of almost 1,000 stores over the last two years. The research from global property
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Arcadia avoids collapse as landlords back rescue plan

Business
Arcadia avoids collapse as landlords back rescue plan. 13/6/2019. Sir Philip Green’s fashion empire lives to fight another day after it secured backing for its restructuring plan. Arcadia managed to convince more than three-quarters of its unsecured creditors – made
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Update on retail CVAs

Business
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
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Green in final attempt to save Arcadia as retail industry suffers yet more woe

Business
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
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