Retailer still needs to restructure its pension scheme,raise £100m and fund a turnaround planBHS has won a stay of execution after creditors voted in favour of the department store chain’s survival diagram.
Landlords, suppliers and other creditors approved the 88-year-extinct retailer’s company voluntary arrangement (CVA), or an insolvency procedure,at a vital meeting in a hotel in west London on Wednesday.
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Source: theguardian.com