In the money: JJB Sports banks on CVA rescue plan
The next few days will be the most important in the history of ailing retailer JJB Sports. If the company’s creditors accept the terms of a company voluntary arrangement (CVA), JJB will live to fight another day; if not, administration beckons. So what is a CVA? Could it help other struggling retailers? And will it work for JJB? Richard Woodard reports.