Hobbycraft to close some stores as part of restructuring
April 22, 2025 4:09 pmThe owner of Hobbycraft is planning a major restructuring that could see the arts and crafts retailer close at lease nine stores. According to a report... View Article
Tag Archive: cva
Latest News: cva
Wilko considers CVA among turnaround options
May 22, 2023 2:20 pmWilko has confirmed that no decisions have yet been taken on the future of the business amid reports that the Nottinghamshire-based retailer is considering closures. The... View Article
Joules responds to CVA rumours as turnaround plans making ‘good progress’
September 30, 2022 4:23 pmFollowing reports that it is exploring a company voluntary arrangement, British lifestyle retailer Joules has confirmed it is working with Interpath Advisory. Under its new leadership... View Article
Ann Summers exits CVA and reduces losses
January 31, 2022 5:12 pmLingerie retailer Ann Summers has exited its Company Voluntary Arrangement (CVA) and reported reduced losses as a result of its turnaround strategy. The business has reported a... View Article
Poundstretcher records an £80 million turnaround in profits in one year
September 8, 2021 2:34 pmDiscount chain Poundstretcher has bounced back in the space of just one year since being forced to enter a CVA in 2020. The family-owned retailer made... View Article
Poundstretcher chain served notice by 63 landlords
September 2, 2021 5:35 pmMore than 60 landlords have served Poundstretcher with a notice to vacate shops after the discounter demanded they slash rents in a restructuring programme. Poundstretcher launched... View Article
New Look completes recapitilisation transaction
November 11, 2020 5:55 amNew Look has announced that it has completed a significant recapitalisation of its finances. The fashion retailer said the move will give it the financial strength,... View Article
More than 600 jobs saved at Gusto after successful CVA
September 28, 2020 12:35 pmItalian restaurant chain Gusto has secured the future of its business through the completion of a Company Voluntary Arrangement. While the move has saved more than... View Article
New Look wins backing for CVA proposal
September 16, 2020 12:03 pmNew Look has announced that its company voluntary arrangement proposal has been approved by the majority of its unsecured creditors. The approval means the retailer will be able to reduce... View Article
