>>
Home / Knowledge / News / Retail / British womenswear retailer Select launches CVA

British womenswear retailer Select launches CVA

04
Jun '19
British womenswear retailer Select launches CVA
In a last-ditch effort to save women’s fashion retailer Select and its 1,800 high street employees, administrators at British advisory firm Quantuma recently launched a compulsory voluntary arrangement (CVA). The chain, which has 169 UK stores, went into administration earlier this month, i.e., put under the management of licensed insolvency practitioners by court.

No immediate store closures or redundancies would be made under the plan. However, advisers said some may occur even if the proposals are approved, according to British media reports.

If landlords do not approve the measures and no buyer is found for the business, it is expected that the company will cease trading.
The firm went through another CVA in April last year, securing a reduction to its rent bill from landlords.

However, it went into administration in May this year after low consumer confidence, Brexit uncertainty and volatile currency weighed on performance in the early part of the year.

Turkish entrepreneur Cafer Mahiroglu had bought the business out of administration in 2008. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 19th Jan 2022

Supply bottlenecks, high prices, omicron affect growth prospects: ECB

The global economy is on a recovery path, although persisting supply...

Pic: Shutterstock

Textiles | On 19th Jan 2022

Cargo flight sector in China recovers to near-2019 level

The air cargo industry in China has recovered, nearing the 2019...

Pic: Shutterstock

Textiles | On 19th Jan 2022

Inflation peaks months earlier in Turkey than expected

Turkish finance minister Nureddin Nebati said inflation would peak in ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Quality & affordability to affect market acceptability of new fibres

Textile Industry, Head honchos

Textile Industry
Head honchos

Led by MMF, Indian apparel exports likely to double in next 3 years

Footwear Industry, Footwear Retailers

Footwear Industry
Footwear Retailers

Still struggling to mop up higher sales

Dhruv Toshniwal & Udit Toshniwal,

Dhruv Toshniwal & Udit Toshniwal

Launched a year ago, Fashions Pvt Limited conceptualises and sees D2C...

Susanna Koelblin,

Susanna Koelblin

Founded in 1920, Eastman is a global specialty materials company that...

Rajesh Masand,

Rajesh Masand

Established in 1963, the Clothing Manufacturers Association of India, or...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Serkan Gogus, Mogul Nonwovens

Serkan Gogus
Mogul Nonwovens

Mogul is a global player ranked among the top 40 nonwoven producers in the ...

Christopher Astley, INDA

Christopher Astley
INDA

<font face="Arial, sans-serif"><span style="font-size: 16px;">INDA,...

Gavin Miguel, Label Gavin Miguel

Gavin Miguel
Label Gavin Miguel

Acclaimed fashion designer <b>Gavin Migue</b>l is known for his couture...

Gaurang Shah, Label Gaurang Shah

Gaurang Shah
Label Gaurang Shah

Hyderabad based designer <b>Gaurang Shah</b>, has been traversing the...

Archana Jaju, Label Archana Jaju

Archana Jaju
Label Archana Jaju

<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

Phong Phu international JSC (PPJ)
Eastman Chemical Company
Alison Hayes Romania
Lacoste (Wanchai)
Abit
KAS Direct Sourcing
OVS Hong Kong Sourcing Ltd.
Page Industries Limited (Bangalore)
International Textile Manufacturers Federation
TESCO INTERNATIONAL SOURCING LIMITED
Gatsby Africa
Target Corporation (MN)
T.T. Limited
BIMBA ;& LOLA SL
Alix Partners
Decathlon
Asos
Tchibo GmbH
Landmark Group
Restoque S.A.
Benetton Group
The Top Form Brassiere Manufacturing Company Limited
Esprit Europe Services GmbH
BIANCA
Helly Hansen Far East Ltd
Permoda(Koaj/Armi/Pronto/Bkul)
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Lenzing Aktiengesellschaft
Cat Tuong Real Estate Group Joint Stock Company
Hela Clothing Pvt Ltd
Gap International Sourcing Limited
Chico’ FAS
John Varvatos
Amazon China
Green Fibre
Tory Burch Hong Kong Ltd
Lisa S.P.A.
The LYCRA Company Singapore  Pte. Ltd
Rayonese Textile Inc., Division de Culp Inc.
Tommy Hilfiger
Sportswear Company Spa
Walmart
KIABI
Huntsman (Singapore) Pte Ltd
SYNERGIES HONG KONG LIMITED
Brandix Lanka Limited
Sportmaster Ltd.
SHAHI Exports Pvt Ltd
Babyshop
G-Star Raw C.V.
MAS Active / MAS Kreeda / MAS Bodyline
Boardriders Asia Sourcing Limited
Vianney Textil Hogar S.A. De C.V.
Lululemon Athletica Inc
Calvin Klein
Vardhman Textile Ltd
LC Waikiki
Recron Polyester from Reliance Industries Limited
Aquarelle Clothing Limited
Arvind Limited
Bluestem Global Sourcing Limited
Puma
Truetzschler India Private Limited
Midas Clothing Limited
Sainsbury's Argos Asia Limited
Grasim Industries Limited
Sateri (Jiujiang) Fiber Co.,Ltd
Gloria Jeans
Splash
PVH Corporation
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Desigual - ABASIC, S.A.
IDH – The Sustainable Trade Initiative
Lifestyle
Guess Europe Sagl,
Under Armour Global Sourcing Ltd
H;&M Hennes ;& Mauritz (Far East) Ltd
Maceton Limited
J ;& P Coats
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Seasalt Limited
Reiter India Private Limited
IKEA of Sweden AB
C;&A Sourcing International Ltd
Aramark Uniform ;& Career Apparel, LLC
Chori Company Limited
Etam Group Strategy Hong Kong Limited
NITI Aayog
THE BOMBAY DYEING ;& MFG.CO. LTD
Gokaldas Exports Limited

January 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search