Page 18 - Dune Group News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Dune launches CVA proposal The Dune Group has launched a company voluntary arrangement (CVA), following a strategic review of the business. If approved, a number of Dune stores will move to turnover-based rent. The proposal does not include any store closures. Will Wright and Chris Pole from KPMG’s restructuring arm have been appointed as the proposed nominees of the CVA. Daniel Rubin, founder and CEO of The Dune Group, said: “The CVA provides us with much needed flexibility so that we can emerge on the other side of this crisis in the best shape possible. “After 28 years of successfull...

Government must tighten rules to end shopworker abuse, retailers urge Retailers are urging the Government to improve laws to protect staff from abuse (Dominic Lipinski/PA) The Government must take urgent action to tackle violence and abuse towards shopworkers, more than 65 retail leaders have demanded. In a letter to Prime Minister Boris Johnson, bosses from high street names including Aldi, McDonald’s, Boots and the Post Office, said stronger laws were needed to protect against shopworker abuse. It comes after recent data found an increase in the verbal abuse of staff at “essential” re...

Dune initiates strategic review The Dune Group has drafted in advisory firm KPMG to conduct a strategic review of the business. The footwear retailer is in talks with landlords about potential rent cuts. Sky News reported that a company voluntary arrangement could be launched, depending on the progress of talks with landlords about a possible switch to a turnover-based rent model. Daniel Rubin, CEO and founder of Dune, said: "The trading environment continues to be extremely tough, and like many other high street retailers, we are reviewing all aspects of our business to ensure we're in the ...