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Creditors approve Giraffe Concepts CVA proposal

Creditors approve Giraffe Concepts CVA proposal

The creditors of Giraffe Concepts Limited, the operator of the Ed’s Easy Diner and Giraffe restaurant brands, have today approved its proposed company voluntary arrangement (CVA).

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Will Wright, restructuring partner at KPMG and joint supervisor of the CVA, said: “This is a critical step forward for the business, allowing Giraffe Concepts to complete its financial restructuring plan and embark on a comprehensive operational transformation programme.”
 

Paul Berkovi, director at KPMG, added: “Today’s vote saw a significant majority of all voting creditors choosing to approve the CVA, surpassing the 75% total required in order to pass the resolution.”

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