• New Look's landlords vote in favour of CVA proposal

    4 days ago - By Fashion United

    New Look CVA approved
    New Look Retail Holdings Limited has announced that the company voluntary arrangement proposal launched on August 26, 2020 has been approved by the requisite majority of its unsecured creditors. The company said in a statement that the approval for the CVA proposal means the comprehensive financial recapitalisation transaction announced on August 13, 2020 to extend New Look's facilities, deliver a new money investment of 40 million pounds and significantly de-leverage the balance sheet can now be progressed towards completion. The CVA proposal includes approval for a...
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