Company Voluntary Agreement

Wahaca to see £25m debt written off in CVA proposal

Mexican themed restaurant Wahaca will have a total of £25m in debt written off in a bid to salvage the brand as part of a Company Voluntary Agreement (CVA).  According to Sky news, Wahaca proposed a CVA that will also see its lenders and shareholders pump £5m of new money…

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Pizza Hut to close 29 sites, 450 jobs cut

Pizza Hut has confirmed it is to close 29 sites as part of a Company Voluntary Agreement (CVA) that will see around 450 jobs lost. Pizza Hut Restaurants revealed it is currently negotiating a CVA in order to “mitigate the financial impact of Covid-19”. It said PHR is “one of…

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Gaucho closes its Cau chain causing the loss of 540 jobs

Gaucho has announced it has closed its Cau chain, cutting 540 jobs as it enters a Company Voluntary Agreement (CVA). Deloitte has been appointed by the steak firm to lead the firm through the administration process. Cau was described by Deloitte as “significantly loss-making” after three consecutive years of falling…

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