Arcadia brands set for administration within 24 hours if CVAs voted down

Topshop Oxford St

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.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article

Registration includes the following benefits:

  • Access up to four FREE articles per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

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.

Registered users and subscribers SIGN IN here to continue