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CVA

Latest Articles

Magnet CVA gets approval from creditors

Magnet Group’s creditors have voted to approve the retailer’s CVA proposals, meaning the business can move forward with its property restructuring plans.

CVA

Wren looking to poach ‘worried’ Magnet customers

Wren Kitchens appears to be trying to poach Magnet customers after its rival’s CVA proposal, and has launched a webpage targeted at those who are “worried about Magnet closures”.

CVA

EXCLUSIVE: Further 37 Magnet stores facing uncertainty

Following the news that retail giant Magnet was closing 15 stores, a further 37 stores are also facing uncertainty with their leases currently under negotiation.

CVA

BIFIS offers support to installers after Magnet CVA news

Following news of Magnet’s CVA, BIFIS has offered its support to those affected, with CEO Damian Walters promising he will “ensure that installers are not left isolated”.

CVA

BREAKING: Magnet plans to close 9% of stores in CVA

UK kitchen retailer Magnet is proposing to place the business in a Company Voluntary Arrangement (CVA), with 15 “underperforming” stores set to be closed as a result.

CVA

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