The Scotsman

Second lifeline from Far East

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As suggested here before, company voluntary arrangemen­ts (CVAS) in retail and hospitalit­y are like buses – nothing, then…

The listing House of Fraser (HOF) department store chain follows the likes of New Look, Carpetrigh­t and burger chain Byron in launching a CVA next month to close under-performing stores, lay off staff and get rent reductions from its landlords.

It is the prerequisi­te for C.banner, the

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