Summary
FURNITURELAND, the sofas-to-beds retailer, has been rescued from the brink of collapse after its owners agreed a refinancing deal.
The company warned suppliers last week that it might be forced into administration, but after a series of 11th-hour meetings this weekend with its banker, Royal Bank of Scotland, and shareholders, including SB Capital, American Signature and Mountgrange Capital, a deal was reached to allow it to stay in business.See the full content of this document
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Stores Back From Brink
The company's 28 sto...
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