BusinessCompany NewsBlacks Leisure mulls CVA

Blacks Leisure mulls CVA

Troubled leisurewear retailer could be looking at a company voluntary arrangement plan to avoid the threat of going bust

Speculation is increasing Blacks Leisure is planning to seek breathing space
from its creditors by entering into a company voluntary arrangement.

The leisurewear retailer had to put
its
Sandcity subsidiary
into administration last week, raising concerns about
its own future.

The CVA plan would see Blacks offload about 80 of its 400 stores according to
the
Sunday Times
.

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