1,000 jobs at risk at struggling clothing retailer
One thousand jobs at discount clothing retailer Store Twenty One are at risk after it was revealed that the struggling firm is in talks with its lenders.
It is reported that Store Twenty One's owners are in talks with lenders State Bank of India after struggling to meet rent payments agreed last year when the business went through a company voluntary arrangement (CVA).
Althought Store Twenty One hasn't yet broken the terms of its CVA, it is thought that the quarterly rent date due at the end of March could force its Indian owner... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
