Arcadia, Sir Philip Green’s fashion empire, is free to press ahead with its restructuring plan after resolving a legal challenge from American landlords.
The retail group behind Topshop, Burton and Dorothy Perkins said that after “significant dialogue” two US landlords had “agreed to withdraw their challenges”.
“With these legal challenges now withdrawn, all the components of the CVAs can now be implemented,” Ian Grabiner, chief executive, said. “We can now look forward to implementing our strategy and delivering our growth plan for the group.”
