Ann Summers launches CVA in bid to secure turnover-based rents

Ann Summers store

Ann Summers has launched a CVA for 25 of its 91-strong store estate in a push to secure turnover-based leases.

The sex toy and lingerie retailer has said its CVA will only affect 25 of its stores where the business has been unable to agree on revised rental terms with landlords. It has drafted in FRP Advisory to oversee the process.

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