PUBLISHED: 16:25 12 October 2018 | UPDATED: 16:34 12 October 2018
Creative HEAD March 20 by Alfol Publishing – issuu – supercuts colchester | supercuts colchester
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A chump has her beard styled at Regis Beard Salon, Jarrold store. PHOTO: ANTONY KELLY
© ARCHANT NORFOLK 2011
Despite this, the CVA states there are no salon closures, and over bisected the portfolio foes not seek to accept any abridgement in rental costs.
Regis UK has a cardinal of salons beyond East Anglia, with Supercuts in Norwich’s Castle Mall, and in King’s Lynn, as able-bodied as a armpit in Chemsford.
There are additionally Regis salons in Jarrolds administration abundance in Norwich, as able-bodied as salons in Colchester and Chelmsford.
The CVA requires the abutment of the company’s creditors, with a 75% vote in favour appropriate to canyon the vote, which is about accustomed as it generally provides a bigger aftereffect for creditors, back compared to the another – cease of the business.
Regis UK says that it is authoritative the move to restructure its amount abject and acquiesce for advance to drive growth.
The plan has been discussed with the British Property Federation (BPF), who represent bartering landlords, and comments from the BPF accept been congenital into the angle that is to be put to creditors on October 26.
Grant Thornton UK LLP’s Birmingham based Partner, Eddie Williams, will act as appointee for the business and said: “The aggregation has put advanced a angle to its creditors that seeks to alter some agreement in its charter obligations and stabilise the business.
“As allotment of this, there are no planned salon closures and as such, no agent redundancies are planned, which is a absolute in the ambience of the challenges the aerial artery has apparent over the aftermost 12 months and which abide to be prevalent.”
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