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A leading hair salon has gone into administration with the axe hanging over its East Kilbride staff. Accountants Deloitte have been called in to look Lonely Stoke on Trent lad options for the salon Supercuts and Regis business. Deloitte said changes in consumer behaviour had led to lower footfall in shopping centres where many of the salons are located.
Last year, Regis UK negotiated a cut in the rent it paid through a legal process known as a Company Voluntary Arrangement CVAbut landlords challenged the proposals in court. Increasing numbers of retailers have sought CVAs in an attempt to spread the impact of the downturn, as consumers shift from the High Street to online shopping.
CVAs allow companies to seek rent reductions and new debt repayment terms, but are meeting increasing opposition from landlords. The administrators have stated that all salons, including East Kilbride, will remain open while a buyer is sought for the business.
By Nicola Findlay. The Supercuts and Regis hairdressing chain has gone into administration Image: Getty Images Get the biggest daily stories by email Subscribe We will use your email address only for sending you newsletters. Please Sex websites of Clacton-on-Sea our Privacy Notice for details of your data protection rights. Thank you for subscribing We have more newsletters Show me See our privacy notice.
Violent thug kicks man's head 'like a football' in senseless attack in car park East Kilbride
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