Skip navigation

Gloucestershire Business News

Is AllSaints the next coronavirus retail casualty?

It looks like fashion retailer AllSaints could be the next COVID-19 retail casualty, as it plans to launch a CVA this week.

AllSaints, which has a store at Gloucester Quays, is set to ask for big rent cuts from its landlords across the UK through a CVA that could be launched as early as tomorrow (June 16).

The retailer's parent company Lion Capital has been looking at options to support it since the start of the pandemic, and has lined up corporate restructuring and performance improvement specialists Alvarez & Marsal to handle a restructuring plan.

It is not yet know whether store closures or job cuts will be part of the plan.

AllSaints trades from more than 250 stores globally and has 40 standalone stores plus dozens of concessions within department stores across the UK.

Picture credit: Google Images 2016

Related Articles

Stroud extends free parking to help recovery Image

Stroud extends free parking to help recovery

The return of parking charges in Stroud town centre has been put back until July 21 to help traders recover from the impact of the coronavirus pandemic.

Gloucester Cathedral's liberty bells celebrate US friendship Image

Gloucester Cathedral's liberty bells celebrate US friendship

US Army soldiers serving with NATO in Gloucester have marked Independence Day as the Cathedral’s bells chimed the America national anthem.

Coronavirus LIVE Updates: The latest news from across Gloucestershire on Friday, July 3 Image

Coronavirus LIVE Updates: The latest news from across Gloucestershire on Friday, July 3

The latest important news and updates from across Gloucestershire as the coronavirus crisis continues.

Bella Italia and Cafe Rouge closures cost 1,900 jobs Image

Bella Italia and Cafe Rouge closures cost 1,900 jobs

Cheltenham's Promenade and Gloucester Quays are both on a list of closures as the owner of restaurant chains Cafe Rouge and Bella Italia has gone into administration.

Copyright 2020 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.