U.S. Property Trust Vornado Challenges Arcadia’s Restructuring Plan

www.oann.com | 6/5/2019 | Staff
ArceusArceus (Posted by) Level 3
(Reuters) – Philip Green’s fashion empire Arcadia Group on Tuesday said it received applications from legal entities of U.S.-based property group Vornado challenging two of its seven planned Company Voluntary Agreements (CVAs).

Arcadia said the challenges to the CVAs, which were approved in June by the required majority of creditors, were “without merit”, adding it would defend itself against...
(Excerpt) Read more at: www.oann.com
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