85 854
Fashion Jobs
BLOOMINGDALE'S
Merchant Operations Analyst
Permanent · NEW YORK
CROCS
Director, Service Management And Observability
Permanent · BROOMFIELD
CROCS
Supervisor, Distribution Center
Permanent · LAS VEGAS
QVC
td/Director
Permanent · WEST CHESTER
BUCKLE BRANDS
Womens Buying Support i
Permanent · KEARNEY
ALEXANDER MCQUEEN
Alexander Mcqueen Operations Manager, Saks NY
Permanent · NEW YORK
WILLIAMS SONOMA
Assistant Site Manager – Williams Sonoma
Permanent · SAN FRANCISCO
TIFFANY & CO
Branch Security Officer- South Coast Plaza
Permanent · COSTA MESA
OLD NAVY
Assistant General Manager, Merchandising - Pheasant Run Plaza
Permanent · CHICO
OLD NAVY
Assistant General Manager, Merchandising - Merrimack Premium
Permanent · MERRIMACK
ATHLETA
Assistant General Manager - 18th & 5th
Permanent · NEW YORK
OLD NAVY
Assistant General Manager, Merchandising - Arizona Mills
Permanent · TEMPE
GAP
General Manager - Philadelphia Mills
Permanent · PHILADELPHIA
OLD NAVY
General Manager - Shops at Waldorf Center (New Store)
Permanent · WALDORF
OLD NAVY
Assistant General Manager, Merchandising - Triangle Square
Permanent · NEW YORK
OLD NAVY
Assistant General Manager, Merchandising - Northgate Mall
Permanent · CHATTANOOGA
OLD NAVY
General Manager - Coosa Town Center
Permanent · GADSDEN
OLD NAVY
General Manager - Upper Valley Plaza
Permanent · LEBANON
ATHLETA
General Manager - Issaquah Commons
Permanent · ISSAQUAH
ATHLETA
General Manager - 2nd And Pch
Permanent · LONG BEACH
BANANA REPUBLIC
Assistant General Manager - Home
Permanent · TROY
OLD NAVY
Director, CRM, Marketing
Permanent · SAN FRANCISCO
By
Reuters API
Published
Jun 7, 2019
Download
Download the article
Print
Text size

Philip Green's Arcadia sweetens restructuring plan for landlords

By
Reuters API
Published
Jun 7, 2019

Philip Green's Arcadia on Friday improved the terms of his restructuring plan for the struggling fashion retailer, which he needs creditors to approve to prevent the group, which employs 18,000, collapsing into administration.


Photo: Topshop



On Wednesday a key meeting of creditors held to vote on Green's plan was adjourned until June 12 after several landlords declined to back it.

In an attempt to win over the landlords Arcadia has now proposed a rental reduction of between 25% and 50% for all affected landlords across seven Company Voluntary Arrangements (CVAs) versus cuts of 30% to 70% previously.

It said the cost of the change - 9.5 million pounds in the first year - will be entirely funded by Tina Green, Philip Green's wife and the ultimate owner of Arcadia.


 

© Thomson Reuters 2024 All rights reserved.