Tag : landlords
Retailers take action on propertySubscription
Retailers are seizing the opportunity to take “decisive action” on their property portfolios in 2020, say experts, as restructurings and company voluntary arrangements continue to put downward pressure on rents.
Jigsaw demands 30% rent cutsSubscription
Jigsaw is the latest retailer to demand rent cuts from landlords in a bid to avoid becoming another casualty on the high street.
Debenhams seeks fresh rent cuts Subscription
Debenhams is seeking fresh rent cuts of up to 25% on around 20 of its stores, in exchange for removing break clauses in the leases.
Landlord appeals Debenhams CVASubscription
A Debenhams landlord has appealed against a judge’s ruling to close stores, as part of the retailer’s company voluntary arrangement.
Landsec swings into a lossSubscription
Landsec, owner of shopping centres including Trinity Leeds and Portsmouth’s Gunwharf Quays, has announced a loss before tax of £147m for the six months to 30 September 2019.
John Lewis seeks landlord discountsSubscription
John Lewis is reportedly seeking discounts from landlords, as it seeks to cut further costs from across the business.
Wolfson: Next cushioned by online 'head start'Subscription
Next chief executive Lord Wolfson said he is “concerned” for the future of the high street as competitors struggle to survive, but said the company’s online “head start” has helped to boost sales.
Clarks seeks rent cutsSubscription
Clarks is the latest retailer to demand rent cuts from landlords, following a period of weak trading.
Arcadia close to deal with US landlordsSubscription
Sir Philip Green is reported to be close to a resolution of the legal challenges brought against his Arcadia Group’s company voluntary arrangement by two US landlords.
Green wins Topshop US legal battle Subscription
Sir Philip Green has won a legal challenge against a group of American landlords after a court dismissed their claim to recoup some of their losses from the bankruptcy of Topshop US, which they said was in excess of £100m.