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Landlords accuse Clarks over legal deal to cut shop rents

Arrangement reached by shoe company will wipe out rent arrears and slash future bills

Landlords have accused Clarks of abusing a moratorium on commercial evictions as the shoe chain pushed through a legal deal that will cut the rent it pays on 60 stores to zero.

Creditors on Friday approved an insolvency process known as a company voluntary arrangement (CVA), which will wipe out rent arrears on more than 300 outlets as well as slash future rent bills.

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Read the original article at The Guardian

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