Tag: owed

Body Shop administrators plan CVA, retailer owed £276m before collapse

The Body Shop’s insolvency practitioners are planning a company voluntary arrangement (CVA) to help it survive as the full extent of its money problems has become clearer. DR Several reports said FRP Advisory is drawing up plans for a deal that would allow the business to negotiate with its landlords in the hope of achieving [...]read moreBody Shop administrators plan CVA, retailer owed £276m before collapse

Runderwear owed £1.3m before pre-pack sale

Midlands-based exercise underwear retailer Runderwear has been sold in a pre-pack deal to luxury lifestyle brand Masters of Mayfair. Previous owner Chambers Ling had called in administrators at the end of last November with debts amounting to over £1.3 million, according to documents seen by TheBusinessDesk. However, Runderwear has now been sold for just £80,000 [...]read moreRunderwear owed £1.3m before pre-pack sale