Joules Seeks CVA Amidst Weak Trading Performance
Joules, a British lifestyle clothing brand, is exploring a possible Company Voluntary Arrangement (CVA) due to softening trading in...
CVA
Joules Explores CVA and Equity Raise in Turnaround Plan
Joules retailer announces Company Voluntary Arrangement (CVA) as potential option in turnaround plan. The company is making progress on...
Joules Confirms Turnaround Plan Progress Amid CVA Rumors
Lifestyle retailer Joules has hired financial advisors Interpath Advisory to help with its turnaround plan, amidst reports of potential...
Apricot Exits CVA Early Amid Improved Trade and Increased Creditor Dividends
Apricot retailer exits company voluntary arrangement (CVA) 16 months ahead of schedule due to improved trade, as reported by...
Poundstretcher Bounces Back with £30m Profit after CVA and Store Closures
In a surprising turnaround, discount retailer Poundstretcher has announced a staggering £30 million profit for the fiscal year 2021,...
Dune Launches CVA Proposal to Reduce Rent Costs Amid Pandemic Struggles
Dune, a popular retailer with 43 stores and 175 concessions, announces plans for a CVA proposal to reduce rent...
Dune Mulls CVA and Turnover-Based Rent Model Amid Pandemic Struggles
Dune, a footwear retailer founded by Daniel Rubin in 1992, is reportedly discussing potential rent cuts with landlords amidst...
Apricot Retailer Shifts to Turnover Rent Amidst Covid-19 Challenges
Apricot, a women's fashion retailer, has switched lease agreements for most of its UK stores to turnover-based rents. This...
Ann Summers’ CVA Approved: Plans for Future Growth and No Staff Redundancies
Ann Summers' CVA has been approved by 90% of its creditors, allowing 25 stores to switch to a turnover-based...
Clarks Secures £100m Rescue Deal with LionRock Capital, No Store Closures or Job Cuts
Clarks' shareholders approve a £100m financial rescue deal from Hong Kong-based private equity firm LionRock Capital, saving all 320...