Summary
AILING retailer JJB Sports has faced a key vote on its future as it asked landlords and shareholders to approve its second rescue deal in as many years.
Wigan-based JJB is seeking approval for a controversial company voluntary arrangement (CVA) - an alternative to administration - in which it will seek to close 43 unprofitable stores, place a further 46 under review and move to monthly rental payments.See the full content of this document
Extract
Vote On Second Jjb Rescue Deal
Under the CVA proposals, its credi...
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