River Island still confident of High Court decision despite creditor backlash at vote

Exterior of River Island store

Source: GettyImages/iStock / Getty Images Plus/Roger Utting Photography

Retail Week understands that 80% of creditors backed the restructuring proposals overall, but because of the way the vote was structured – with 10 classes representing everything from the UK’s largest, institutional landlords through to single store landlords, business rates creditors and secured lenders – not every individual landlord class hit the 75% threshold required to carry the proposals.

 

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