Thomas Sabo actions CVA


Thomas Sabo actions CVA

German jewellery retailer Sabo has mounted a CVA for its UK subsidiary to enable it to close five of its 22 UK outlets. It also seeking to achieve rent reductions on its remaining stores. The business says that it is business as usual and that its wholesale operations for the UK would continue to be managed by its German parent company.  In addition, it says that an increasing amount of its business is being conducted online rather than via its store chain.

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