By David Parsley2019-06-05T05:55:00
Arcadia’s advisor Deloitte has drawn up papers to put the troubled group’s high street retail brands into administration as early as Thursday morning should its cost-cutting proposals not gain support from creditors today.
Property Week has learned Deloitte spent yesterday locked in meetings with Arcadia executives considering the likely outcomes for seven company voluntary arrangement (CVA) votes due to take place from midday today at County Hall in central London.
You must be logged in to continue
Register for free to finish this article
Registration includes the following benefits:
To access this article REGISTER NOW
Four articles not enough? SUBSCRIBE for unlimited access to over 100 weekly articles and our comprehensive archive. For as little as £5 per week.