Major discount chain with 187 stores plots restructuring that could lead to ‘significant’ closures
A MAJOR discount chain is preparing to undergo a restructuring plan that could place stores at risk.
Modella Capital, the new owner of the Original Factory Shop, is looking to launch a Company Voluntary Arrangement (CVA) at the chain, according to Sky News.
The Original Factory Shop could undergo a CVAA CVA is a way of restructuring that means a business can continue trading by negotiating its debts, such as cutting rent costs with landlords.
It is a common...
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