The group said Mark Newton-Jones, who was ousted in April, would now be returning to lead the business, potentially within days. Creditors will vote on the CVA, which only relates to certain business entities within Mothercare, on 1 June. Quick guide What is a company voluntary arrangement? Show Hide What is a company voluntary arrangement? In order for a CVA to go ahead, the company must call a meeting of unsecured creditors, which may include suppliers and landlords.
Source: The Guardian May 17, 2018 07:03 UTC