Retailer upbeat on future as it brushes off CVA rumours

Retailer Claire’s Accessories is continuing to look for growth opportunities just weeks after it was forced to deny that it was planning to enter into a Company Voluntary Arrangement (CVA) and close stores. In its annual accounts signed off last week, which responded to its American parent company's Chapter 11 process, the Erdington-headquartered business said it will continue to open new sites when suitable locations are found. The retailer saw pre-tax profits fall by £5m to £2.7m despite sales rising 9% to £138.7m in the ... For the full story register now for free or login below...
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