The move would see at least 26 lossmaking
UK stores shut and spark the loss of up to 800 jobs.
A CVA allows firms to take the pressure off their finances by closing lossmaking
outlets and securing deep discounts on rental costs.
Summary: According to the Public Enterprises Survey (2012/13), 79 lossmaking
PSUs, including bigwigs like Air India and BSNL, are bleeding cash and have survived only on budgetary allocations.
Bank Fashion Limited, whose headquarters is in Lancashire, has been lossmaking
for some time, having posted an PS8.
German carrier Air Berlin says it has sold a majority stake in its frequent flyer program to Abu Dhabi-based Etihad.
Dubai Holding Commercial Operations Group (DHCOG), part of the Dubai ruler's personal business empire, said in a brief statement Thursday that the extension was on commercial terms
A review has identified 20 lossmaking
stores which will be closed, reducing the dry cleaning division's portfolio to 470 by the end of this year.
So why should the taxpayer have to fund a lossmaking
post office that most of the local residents have stopped using?
Slug & Lettuce parent group Laurel Pub Company is poised to go into administration after billionaire owner Robert Tchenguiz failed to find buyers for up to 100 lossmaking
sites, it was claimed yesterday.
Stamped mail makes a loss of around 6p per letter or packet - a total of pounds 178 million last year - and it will continue to be lossmaking
, said the Royal Mail.
In the past six years, China bankrupted thousands of lossmaking
SOEs and the state sector reduced its workforce by more than 30 million people.