THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Blacks Leisure completes CVA and can concentrate on turnaround

Blacks Leisure has successfully completed its CVA (company voluntary arrangement) that has enabled it to exit 89 leases and concentrate on the remaining better performing rump of its estate that encompasses 314 units.

GENERAL MERCHANDISE

Blacks Leisure completes CVA and can concentrate on turnaround

The company required 75 per cent of creditors to vote for the CVA proposal and it easily surpassed this requirement with 98 per cent supporting the move.

With the business now on a firmer footing it will be possible for management to continue with its turnaround plan that is headed up by chief executive Neil Gillis.

The key objective is to turn around the core outdoor division, which will now be much easier following the offloading of a loss-making subsidiary and batch of loss-making outlets.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
National Minimum Wage Breakfast Briefing
National Minimum Wage Breakfast Briefing
20 September 2018
6th Floor 1, St. Martin's Le Grand London, EC1A 4AS
National Minimum Wage Breakfast Briefing