Office Outlet has launched a CVA in a bid to secure three year rent-free periods for around twenty of its stores, reduce rent on all others, whilst closing less than ten. In many instances the office supplies retailer is occupying stores larger than needed and would be freeing landlords to secure compatible tenants for the space it will not need going forward. Hilco acquired the chain in 2016 from the American owners of Staples. It was then re-branded with Chris Yates taking the role of CEO.
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