The proposal by Jigsaw to put the company into a Creditors Voluntary Arrangement (CVA) has been accepted by its creditors.
It seems that Jigsaw has not recovered from the effects of the pandemic and is yet another high street retailer which is using the CVA tool to jettison underperforming stores.
Jigsaw will close around 19 of its 74 stores and there will be around 200 redundancies.
Along with other retailers, Jigsaw is hoping to change to turnover based rent agreements with its landlords.
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