The Original Factory Shop (Tofs) has received a green signal to go ahead with its Company Voluntary Agreement (CVA) proposal, which mean it would not close 32 stores of 124 stores while reducing rent

House of Fraser rescue plan includes a CVA proposal to shut 31 stores across the UK and Ireland, which would see up to 6,000 jobs being lost. The struggling department store group, who opened its fir

Struggling department store group House of Fraser confirmed it is set to shut 31 of its 59 UK and Ireland stores, affecting 6,000 jobs, as it shares the details of its Company Voluntary Arrangement p

House of Fraser could be aiming to close as many as to 29 of its 59 stores, as it gears up to launch its company voluntary arrangement (CVA) in an attempt to turn its struggling business around. A la

A mistake made during the counting of votes on whether or not Mothercare plc should go ahead with plans for a company voluntary arrangement (CVA) has not put its refinancing scheme at risk, stated th

House of Fraser has issued a statement in which it denies all recent media speculation that its future is hanging in balance. The department store group claims its business 'is still on track' as rep

London - Mothercare is set to shut approximately 50 of its 137 UK stores by June next year, as its Company Voluntary Arrangement (CVA) proposals are approved. The move could see up to 800 jobs lost a

A group of high street landlords is said to be preparing to challenge retailer's company voluntary arrangements, arguing they are being pressured into agreeing to rent reductions. Struggling retailer

A list of the Mothercare stores set to close, in addition to 21 stores seeking rent reductions under its CVA, has been leaked as the struggling maternity and babywear specialist confirms the return o

Mothercare plc revealed the exact extend of its financial struggles in its annual report, a few hours after the maternity and babywear specialist confirmed its had filed for Company Voluntary arrange

London - Maternity and baby specialist Mothercare plc is close to securing a rescue deal that would include raising fresh capital from investors as well as accelerating its store closure scheme. The

Mothercare has sped up its ongoing search for emergency funding to ensure it has a rescue plan in place before it releases its full-year results in May. The struggling maternitywear and babywear spec

London - High street fashion retailer Select proposed Company Voluntary Arrangement (CVA), which counts 183 stores across the UK, has been approved by 94 percent of its creditors. Select reached unan

London - Struggling maternity and baby specialist Mothercare is said to be considering closing a number of its loss-making stores and seeking rent cuts in others as it continues to face difficult tra

London - Genus UK Ltd, parent company of fashion retailer Select, is the latest high street chain to succumb to difficult trading conditions as it files for company voluntary agreement (CVA). Genus U

London - New Look is prepared to close up to 60 underperforming stores across the UK in order to keep it from going under, putting 980 jobs at risk, but this may not be enough to turn the struggling

London - New Look is the latest high street retailer to succumb to difficult trading conditions, as the fashion brand confirms its application for a Company Voluntary Agreement (CVA). The struggling

London - High street retailer New Look is seeking to cut its store rents by up to 60 percent as part of a rescue plan to tackle its 1.2 billion pound debt. At the same time the fashion retailer is al

UK apparel brand Bentley continues its legal battle against Bentley Motors Ltd, who seeks out to cancel the former brand's registered trademark in the UK. Bentley Motors latest attempt to pull the p

London - Blue Inc has just been handed a lifeline as its Company Voluntary Agreement (CVA) has been approved by over 80 percent of its creditors. The CVA will let the fashion retailer reduce its ren

Struggling British department store group BHS has been saved - for now - as over 95 percent of its creditors and landlords voted in favour of a restructuring deal to cut its store rent for a number

The Austin Reed Group, parent company of Austin Reed, CC and Viyella is set to shut down 31 stores and receive a 3 million pound cash injection from its shareholders through a Company Voluntary arran

The High Court has ruled in favour of British landlord Mourant & Co Trustees by setting aside the company voluntary arrangement (CVA) by retailer Miss Sixty UK Ltd. The CVA was approved at a cred