Philip Green's Topshop rescue deal still stands a chance | Nils Pratley

Intu may just say no to Arcadia’s CVA rent cuts but other waverers may fall into lineWe wait to see if, when push comes to shove, the holdout landlords really will vote against Arcadia’s demand for rent cuts for a second time. Intu is determined to say no to Sir Philip Green, but it is the biggest and thus has most to lose in terms of rental income. Waverers may conclude they’ve made their point that CVAs are not a slam dunk for struggling retailers and quietly fall into line.