Carpetright to close 92 stores in restructuring plan

Carpetright to close 92 stores in restructuring plan
 

Retailer Carpetright says it is closing 92 stores and cutting 300 jobs as part of a restructuring plan.
It recently said it had started talks with lenders to ensure it does not breach the terms of its bank loans.
The chain is planning a company voluntary arrangement (CVA), which will allow to it to shut the worst-performing stores and ask for rent concessions on another 113 sites.
It is the latest in a long list of businesses to run into trouble.
There have been similar recent arrangements at fashion retailer New Look, restaurant chains Jamie's Italian and Prezzo, and burger chain Byron.... read more

 
12 April 2018 in Business, Views: 49
Source: BBC
Share:
 




News Widget for Webmasters


Realtime News

 

«
»
Mo Tu We Th Fr Sa Su
            1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30