Arcadia CVA: Rent cuts reduced as Green plugs gap 

Philip Green

Sir Philip Green’s retail empire Arcadia has pledged to reduce the rent cuts proposed in its CVA in a bid to get landlords onside, Retail Week can reveal.

The retailer is understood to have reduced the rent cuts it had sought from 70% to 50%, while properties it was previously seeking a 30% reduction on will now be in line for a 25% cut.

The shortfall that these reduced rents cuts will amount to will be plugged by funds provided by Sir Philip and Lady Green.

Arcadia is also understood to be doubling the length of the break clauses on affected properties from three months up to six.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Three free article views per calendar month on
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.