High Street
New Original Factory Shop owner eyes major rent cuts as part of CVA
Modella Capital is now preparing to unveil a rent cuts package for its store landlords as part of plans for a CVA, which were first reported by Sky last month
The Original Factory Shop (TOFS) landlords could face a package of major rent cuts as its new owner aims to finalise plans for a CVA for the group, with potential store closure also featuring as part of the move. According to Sky News, Modella Capital is now preparing to unveil a rent cuts package for its store landlords as part of plans for a CVA, which were first reported by Sky last month.
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