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Croydon Village Outlet 'still looking for a buyer'

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CROYDON Village Outlet (CVO) is still looking for a buyer, the Advertiser understands.

Its parent company Metro Outlet Croydon Ltd has been run by administrators from UHY Hacker Young LLP since April.

Company director Marco Cash asked the High Court to put the company into administration after racking up too many debts.

The store is trading as normal in the meantime, and in theory could run under administration for a year or more.

Neelofar Khan, who represents traders in North End mall, inside the CVO building, said they had been given no news about CVO.

She added traders were looking forward to the redevelopment of the site, which is due to form part of the planned £1 billion Westfield /Hammerson shopping centre.

Ms Khan, chairman of the North End Mall Traders' Association, said: "What we are finding is that footfall has consistently gone down.

"We have got lots of passers-by from the tram station into the Whitgift Centre but we are not getting many of the kind of people who help us ring the tills.

"The sooner as they get the bulldozers in, the better for Croydon.

"We want to expand as small businesses and the new Westfield businesses will help everyone and give us some opportunities."

Croydon Village Outlet 'still looking for a buyer'


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