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Monsoon delays CVA procedure after Green fails to win backing for Arcadia plan

The owner of the Monsoon and Accessorize retail chains has delayed plans for a restructuring to rescue the business after landlords failed to back similar plans by Sir Philip Green’s Arcadia Group.

Peter Simon had planned to launch a company voluntary arrangement as early as today, but this is not now expected to go ahead until next week at the earliest.

Click here to read the full Guardian article

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