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Tuesday, 12 January 2010

Blacks Leisure: Successful Retail CVA?

According to Marcus Leroux of the Times today:

Having closed 87 stores using a CVA that offered 6 months rent to the landlords of the closing stores, Blacks Leisure has had a good Christmas season with like for like sales up 15%. Mind you with the coldest winter for thirty years, such retailers SHOULD have had a good time.

Now some of the landlords have offered Blacks the same or smaller stores at smaller rents! It seems they cannot live without each other as Blacks boss says new store openings and a share issue of £20m are planned.

For a complete guide to CVA's get our unique Experts Guide here

To see other stories about Black's CVA search: "Blacks CVA" on this Blog or Google etc

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