The pre-pack administration and company voluntary arrangement are once again taking centre stage as the retail industry enters its next phase of coronavirus survival.
In recent weeks, Monsoon Accessorize was bought by its owner, Peter Simon, via a pre-pack administration deal that is likely to result in the closure of half of its stores. AllSaints launched a CVA across its UK and US store portfolio and Britains largest footwear manufacturer,Hotter Shoes, announced it will cull its store count from 61 to 15 using the controversial insolvency procedure.
Monsoon Accessorize founder rescued the business via pre-pack administration this month
There has been a significant uptick in the level of restructuring activity across the consumer se…
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