Revo calls on MPs to act on retail CVAs

House of Fraser

Source: Shutterstock/D K Grove

Revo, the retail property organisation, has called on the government to investigate the increasing recent use of company voluntary arrangements (CVAs) that has hit a number of the UK’s leading landlords as retailers seek to close stores and reduce rental payments.

Revo president Mark Williams and chief executive Ed Cooke have written to Clive Betts, chair of Parliament’s Housing, Communities and Local Government Select Committee, calling on him to investigate the recent use by retailers of CVAs and to call nominees and advisors before the committee to account for their proposals.

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