Finance

Mothercare subsidiary fails to win CVA sign-off

By 2018-06-04T14:31:00

Mothercare

Mothercare has suspended part of its CVA plan today after it was revealed creditors did not approve proposals for the retailer’s subsidiary Children’s World.

On Friday creditors voted to approve Mothercare’s restructuring plan, which will see it close up to 50 stores, but failed to reach the necessary 75% support for the Children’s World CVA. 

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