• New Look wins landlord battle over CVA

    1 month ago - By Fashion United

    Image: FashionUnited
    New Look has won its court battle against landlords who were challenging the British fashion retailer's company voluntary arrangement .
    In September 2020, New Look received the green light from creditors to go ahead with its second CVA in less than two years.
    Under the terms of the restructuring, the retailer switched to turnover-based rents at 402 of its UK stores and null rents for 68 others.
    A group of landlords including British Land and Land Securities challenged the move, arguing that they were unfairly treated, and that the majority of the votes in favour of the...
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