By Sarah Vizard

The BHS brand was thrown a lifeline this week (23 March) when creditors voted in favour of a so-called company voluntary arrangement (CVA) that would save it from insolvency, at least in the short term. At a meeting, more than 95% of landlords and suppliers, among other creditors, voted for a move to cut its rent. It claimed it would have gone into administration if the plan had not been approved.

The approval of the CVA is only a short-term fix, however. The company, which is owned by Retail Acquisitions, has a pension deficit of £571m that needs to Read full story ›

Source: Marketing Week