Ann Summers CVA ‘likely’ as landlord talks stall

Jacqueline Gold

Ann Summers has kicked off talks with the British Property Federation (BPF) that will likely lead to the launch of a CVA after failing to negotiate better rental terms with some landlords.

The lingerie retailer said while over half of the landlords across its 90-strong store estate have agreed to change to turnover-based rents, several have been unwilling to adjust their terms.

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