CVA proposed to slash rents at hairdressing chains
The Coventry firm behind hairdressing chains Regis and Supercuts has asked landlords to back proposals to slash rents on its stores through a Company Voluntary Arrangement (CVA).
Regis UK, which employs 1300 staff across 223 shops, says it will seek to restructure the lease agreements for its 220 sites.
It said it plans to ask for a reduction on rental costs on half of its stores.
Jackie Lang, managing director of Regis UK, said: “This action has been taken to restructure our costs to ultimately enable reinvestment into the... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...