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British Land drops bid to derail Monsoon rent cuts

Sky News
26 September 2019

British Land, one of the UK's biggest high street landlords, has abandoned a legal challenge that threatened to derail a rescue restructuring of Monsoon Accessorize, the fashion chain.

Sky News has learnt that the FTSE-100 property company, which owns sites including the Meadowhall shopping centre in Sheffield, has agreed to withdraw a bid to block Monsoon's company voluntary arrangement (CVA).

Read the full article on Sky News.


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