Creditors green light Poundstetcher’s CVA proposal

// Creditors approve Poundstretcher CVA proposal
// The CVA includes major rent cuts for much of its store estate and forms part of a wider restructure
// No job cuts or store closures are part of the procedurePoundstretcher has had a major restructuring plan involving rent cuts approved by its creditors.
More than 90 per cent of creditors approved the discount retailer’s CVA proposals, which will bring rent cuts of between 30 per cent and 40 per cent for 84 of its 450 stores over the next