Peel Holdings, which is a significant shareholder in Capital Shopping Centres (CSC), has thrown its weight behind JJB Sports’ plans for a company voluntary arrangement (CVA).
CSC recently said it would not back the sports retailer’s plan for a CVA. JJB will ask landlords to approve the CVA next Tuesday so it can close 43 unprofitable stores, place a further 46 under review and change to monthly rental payments.
17/03/11 Daily Telegraph B8
