Embattled retailer BHS has been thrown a lifeline after creditors backed controversial plans to turn around the business.
The department store chain said creditors voted in favour of its company voluntary arrangement (CVA) for BHS Limited, which aims to revive the ailing business by cutting costs and preventing widespread store closures.
The company said the decision to back the CVA for BHS Limited – which represents 125 stores – will ensure the continuation of the group.
BHS wants to ease the pressur…
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