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20 Nov 1:34pm

Landlords accuse Clarks over legal deal to cut shop rents

The Guardian
Arrangement reached by shoe company will wipe out rent arrears and slash future bills Landlords have accused Clarks of abusing a moratorium on commercial evictions as the shoe chain pushed through a legal deal that will cut the rent it pays on 60 stores to zero. Creditors on Friday approved an insolvency process known as a creditors’ voluntary arrangement (CVA), which will wipe out rent arrears on more than 300 outlets as well as slash future rent bills.
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