Office is preparing for a restructuring that could result in shop closures in the latest sign of the turmoil affecting the high street.
The chain, which has about 100 shoe shops in Britain, has appointed Alvarez & Marsal, the advisory firm, to work on a potential company voluntary arrangement, according to Sky News. A CVA is a form of insolvency that allows businesses to walk away from certain liabilities.
Office is preparing for a restructuring that could result in shop closures in the latest sign of the turmoil affecting the high street.
The chain, which has about 100 shoe shops in Britain, has appointed Alvarez & Marsal, the advisory firm, to work on a potential company voluntary arrangement, according to Sky News. A CVA is a form of insolvency that allows businesses to walk away from certain liabilities.
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