Company Voluntary Agreement

Carpetright to close nearly a quarter of stores, affecting 300 jobs

Carpetright is preparing to close nearly a quarter of its 300 stores in a restructuring plan as it struggles to avoid administration. Today (12 April) the company released a statement saying it had entered a Company Voluntary Agreement (CVA), which if approved, would lead to the closure of 92 outlets…

Read More »

Carpetright prepares for store closures in CVA plan

Carpetright is exploring a possible company voluntary agreement (CVA) which would allow it to to speed up the closure of underperforming stores. The beleaguered flooring retailer has announced it is seeking an insolvency deal to allow it to continue trading while it negotiates rent reductions and debt restructuring. The number…

Read More »

New Look announces CVA proposal, 980 staff at risk

Clothing chain New Look has announced company voluntary agreement (CVA) proposal that will look to close up to 60 stores, reduce rental costs and potentially make up to 980 staff members redundant. Under the proposal, the fashion retailer has identified 60 out of its total 593 stores in the UK…

Read More »

2,400 jobs at risk again as Toys R Us UK future back in doubt

Toys R Us UK is again under threat amid reports that its US parent company is seeking a buyer for the British business just weeks after securing support for a rescue plan. According to Sky News, Alvarez & Marsal, the company dealing with the US retailer’s bankruptcy protection, has begun…

Read More »