{"id":161408,"date":"2019-05-02T17:55:49","date_gmt":"2019-05-02T17:55:49","guid":{"rendered":"https:\/\/www.theindustry.fashion\/sir-philip-green-pledges-to-invest-100m-in-arcadia-as-landlords-push-for-a-better-cva-deal\/"},"modified":"2021-08-12T13:56:16","modified_gmt":"2021-08-12T13:56:16","slug":"sir-philip-green-pledges-to-invest-100m-in-arcadia-as-landlords-push-for-a-better-cva-deal","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/sir-philip-green-pledges-to-invest-100m-in-arcadia-as-landlords-push-for-a-better-cva-deal\/","title":{"rendered":"Sir Philip Green pledges to invest \u00a3100m in Arcadia as landlords push for a better CVA deal"},"content":{"rendered":"
Sir Philip Green has pledged to invest \u00a3100m in his Arcadia fashion empire<\/strong> in a bid to convince the group's creditors, in particular its landlords, to back a CVA deal.<\/p>\n The retail tycoon is reported to have made the promise following a crunch meeting this week to decide whether to press ahead<\/strong> with plans for a Company Voluntary Arrangement (CVA).<\/p>\n Arcadia has met resistance from landlords, in particular, over plans for a CVA, which would involve store closures and rent reductions.<\/p>\n