Apricot news and archive

Apricot to exit CVA ahead of schedule

British fashion brand Apricot is reportedly exiting its company voluntary arrangement (CVA) 16 months ahead of schedule. In January last year, the company switched 13 of its 14 UK stores to a turnover-based rent model following creditor approval of its CVA. There were no planned store closures. The CVA was due to end on December 31 2023, but...

Business

Apricot to switch stores to turnover-based rent

British fashion brand Apricot has reportedly switched the majority of its UK stores to a turnover-based rent model following the approval of its company voluntary arrangement (CVA). The move will affect 13 of Apricot’s 14 standalone stores, Drapers reports. The closure of the brand’s store or concessions are not part of the CVA. The company...