Ann Summers news and archive

Ann Summers CVA approved by creditors

Ann Summers has received the green light from its creditors to go ahead with a company voluntary arrangement (CVA) to restructure its store estate. The CVA, which was approved by 90 percent of creditors, will affect the 25 of Ann Summers’ 91 stores it was unable to agree revised rent terms for with landlords. They will now move to turnover-based...

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Ann Summers launches CVA proposal

Ann Summers has become the latest UK fashion business to launch a company voluntary arrangement (CVA) in a bid to move its stores to a turnover-based rent model. The company said the CVA will only affect the 25 of its 91 stores it was unable to agree revised rent terms for with landlords. The brand has called in FRP Advisory to oversee the...

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Ann Summers considers CVA

Ann Summers CEO Jacqueline Gold has revealed the company is considering launching a company voluntary arrangement (CVA) as it struggles to cope with difficult trading amid the Covid-19 pandemic. Gold said that the company has tried to work with landlords to change its rent to a turnover-based model. She said that while some landlords have taken...

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Ann Summers: FY17 profits surge 180 percent

For the 52 week period ended June 24, 2017, lingerie player Ann Summers has posted a 180 percent jump in profit before tax at 2.9 million pounds (4 million dollars) against 0.9 million pounds (1.2 million dollars) in the previous year. The company said airing of ITV’s six-part drama series ‘Brief Encounters’ in July 2016 led to a double-digit...