Sector Focus 

Retail landlords battle rising CVAs and falling valuations

Retail landlords battle rising CVAs and falling valuations

It may be tempting to read landlords’ success in squeezing more money out of Arcadia owners Philip and Tina Green as a sign that property groups are gaining more bargaining power over company voluntary arrangements (CVAs). It follows Sports Direct’s (SPD) decision earlier this month to launch a legal challenge to the financial restructuring plan put in place by Debenhams (DEB), in which it was the largest shareholder.

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