Blue Inc seeks CVA


Blue Inc seeks CVA

Blue Inc has filed a company voluntary arrangement (CVA) in order to be able to close unprofitable stores and schedule payment of rent arrears and repayment of loans. the retailer is seeking to offload 33 stores in all and has already agreed an outsourcing arrangement that would enable it to shed significant overheads. Voting on the CVA is scheduled for 22nd March.

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