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Office Outlet CVA approved including 3-year free rent on 20 stores

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Office Outlet’s company voluntary arrangement (CVA) has been approved by shareholders, set to see 20 of its stores get a three-year rent holiday. The CVA, which was first proposed in August, has been touted as one of the most extreme most extreme examples of the controversial insolvency procedure. Under the CVA four of its 95 stores are set to close, while rents will be reduced on the rest of its estate, including free rent for three years on 20 of its stores.

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Office Outlet CVA approved including 3-year free rent on 20 stores

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