01-09-2020 08:54 via retailgazette.co.uk

Ann Summers mulls CVA as landlords “bury heads in the sand”

// Ann Summers poised to launch CVA
// CEO Jacqueline Gold expects property costs to increaseAnn Summers is reportedly expected to launch a CVA after facing increased losses in its recent financial report.
The lingerie and sex toy retailer’s chief executive Jacqueline Gold said the company might opt for a CVA as some landlords refused to work in partnership, despite the owning family injecting cash to keep the business afloat, Retail Week reported.
Losses increased £3 million to &pou
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