Sir Philip Green's Arcadia secures backing for store closures
The group - which owns Topshop, Burton and a raft of other high street brands - announced that its company voluntary arrangements (CVAs) had all been voted through at a reconvened meeting of creditors.
It means around 1,000 jobs are at risk as 23 stores close under the CVA, while another 25 will be shuttered as part of a wider restructuring.
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Hide AdLandlords will also receive smaller amounts of rent on certain properties, with some reduced to half the original price.
The proposals were passed at a second meeting on Wednesday, which came a week after the first was postponed.
The initial vote was adjourned after it became clear that there was not sufficient support among landlords. Sir Philip Green and his wife Lady Green then proposed less severe rent cuts in a bid to appease the opponents of the proposals.
However, the CVA remained contentious, with some landlords reported to have voted against.
Arcadia's chief executive Ian Grabiner said: "We are extremely grateful to our creditors for supporting these proposals and to Lady Green for her continued support.
"After many months of engaging with all our key stakeholders, taking on board their feedback, and sharing our turnaround plans, the future of Arcadia, our thousands of colleagues, and our extensive supplier base is now on a much firmer footing.
"From today, with the right structure in place to reduce our cost base and create a stable financial platform for the Group, we can execute our business turnaround plan to drive growth through our digital and wholesale channels, while ensuring our store portfolio remains at the heart of our customer offer.
"I am confident about the future of Arcadia and our ability to provide ou