The man in charge of saving New Look said this week that the chain would have “run out of money” if it had failed to carry out a company voluntary arrangement.
According to Alistair McGeorge, if that had happened, the company’s landlords would have been in “an even worse position”.
As far as those landlords are concerned, that position is bad enough already. They don’t like CVAs and with good reason, since the contentious insolvency process hits them in the pocket.
