select news and archive

UPDATE: Select receives 94 percent approval from creditors for CVA

London - High street fashion retailer Select proposed Company Voluntary Arrangement (CVA), which counts 183 stores across the UK, has been approved by 94 percent of its creditors. Select reached unanimous support for its proposed CVA during a meeting held in central London on Friday morning. Under the terms of the deal, no stores will be shut,...

Report|UPDATE

Mothercare mulls over closing down loss-making stores

London - Struggling maternity and baby specialist Mothercare is said to be considering closing a number of its loss-making stores and seeking rent cuts in others as it continues to face difficult trading conditions. The high street retailer, which named industry veteran David Wood as its new CEO last week, is reportedly investigating a potential...