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Flannels' creditors back CVA

2nd December 2009

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Some of Flannels' products

Some of Flannels' products

CREDITORS of upmarket fashion retailer Flannels have backed its CVA plan.

The deal secures the future for the Manchester-based chain, a favourite with footballers such as Wayne Rooney.

Three underperforming stores will close. They are at 55 King Street in Manchester, the Met Quarter in Liverpool and in Birmingham's Bullring.

Creditors voted on the CVA - which will see them paid 60p in the pound - at a meeting in Manchester on Monday.

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