Backlash Over Diy Giant's Plans to Slash Its Rent Bill [Edition 2]
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Summary
AILING retailer Focus DIY has outlined drastic plans to cut off rents to landlords of unprofitable stores - sparking a new row over deals under which struggling companies can escape their financial obligations.
The company is asking creditors to approve a 'company voluntary arrangement' - a deal which would allow Focus to escape full bankruptcy.See the full content of this document
Extract
Backlash Over Diy Giant's Plans to Slash Its Rent Bill [Edition 2]
But the British Property Federation, which represents landlords, yesterday questioned firms' use of CVAs and so-called p...
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