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The high street is facing a full-blown crisis as the company behind off-licence chains Bargain Booze and Wine Rack scrambles to avert collapse and Carpetright prepares to close scores of shops. This weekend Conviviality (CVR) is hurriedly putting together a new business plan that will form the basis for an emergency fundraising due to be launched in the coming days. Without an injection of cash, Conviviality, which has 700 stores and 2,600 people, could go under, adding to the deep gloom on the high street. Carpetright (CPR) is also facing a desperate bid to stay in business. The chain is planning to close a chunk of its 440-strong store estate, through a company voluntary arrangement, a restructuring scheme that enables businesses with too many outlets to pull out of some and negotiate cheaper rents on others. Mothercare (MTC) is seeking fresh financing, while staff cuts have been announced at Tesco (TSCO), Sainsbury (J) (SBRY), Marks & Spencer Group (MKS), Debenhams (DEB) and New Look. Hundreds of stores will be left empty.