Andrew Andronikou, Brian Burke and Carl Jackson of insolvency advisory firm Quantuma were announced as joint administrators of the stricken women’s fashion retailer last week.

In a statement given to Drapers, Andronikou said: “The CVA is most probably going to be launched at the end of this week or early next week, we are still working on the shape of the CVA.

“I would like to discuss the proposals with the British Property Federation to garner their views before finalising the proposals and making them public.”