Arcadia and Topshop CVAs challenged by property group

Topshop's CVA is being challenged by a US property group

The CVAs of Arcadia Group and Topshop Topman face opposition from a US property owner.

Arcadia, which last month won backing for seven CVAs as it seeks a turnaround, said those covering Arcadia Group and Topshop Topman have been challenged by two legal entities of US property company Vornado – 480-486 Broadway LLC and TMO 1 LLC.

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