THE RETAIL BULLETIN - The home of retail news
Home Page
News Categories
Commentary
Department Stores
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Retail News
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Retail Events
People in Retail Awards 2023
Digital Transformation Strategy 2023
Retail HR 2023
THE Retail Conference 2023
Customer Engagement Strategy 2023
Omnichannel Futures 2024
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Arcadia’s CVAs face legal challenge

Sir Philip Green’s Arcadia Group is facing a legal challenge from a US property firm regarding its rescue plans. In June Arcadia received backing from the majority… View Article

FASHION RETAIL NEWS UK

Arcadia’s CVAs face legal challenge

Sir Philip Green’s Arcadia Group is facing a legal challenge from a US property firm regarding its rescue plans.

In June Arcadia received backing from the majority of its creditors for seven CVAs as part of a restructuring plan.  

The group has now received applications to challenge the Arcadia Group and Topshop Topman CVAs from New York based Vornado.

Ian Grabiner, chief executive of Arcadia Group, said the challenges are entirely without merit and that the company is planning to “ vigorously defend them.

He added: “The CVAs are a vital part of our restructuring, putting the business on a firm financial footing and enabling significant investment as part of our growth plans which will ultimately benefit all our stakeholders. Our group continues to trade as normal and we remain focused on delivering our turnaround plans.”

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News