British fashion retailer launches first CVA compromising US and Canadian leases
Credit: Photo by By JHVEPhoto/Shutterstock
British fashion retailer AllSaints has launched parallel company voluntary arrangements (CVAs) for two of its English tenant companies, and successfully obtained recognition of one of them in the US and Canada – and if creditors approve, it will mark the first time a CVA has compromised a company’s lease liabilities in North America.
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