18,000 Arcadia group workers could be facing redundancy asSir Philip Greens firm delayed a crunch vote on restructuring plans for a week.
The company said on Wednesday that it would adjourn a meeting of suppliers, landlords and other creditors voting on seven company voluntary arrangements (CVAs) until June 12.
It said this would give it more time to discuss the plans with landlords, amid reports that several shop-owners like Trafford Centre owner Intu were not happy with the arrangements.
Ian Grabiner, CEO of Arcadia, said: It is in the interests of all stakeholders that we adjourn todays meetings to continue our discussions with landlords.
We believe that with this adjournment, there is a reasonable prospect of reaching an agreemen…
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