Tag : landlords
Matalan has asked landlords for a three-month rent break to mitigate the economic impact of coronavirus, Drapers can reveal.
Debenhams has written to landlords asking them to consider further rent cuts and store closures as part of its ongoing company voluntary arrangement (CVA), in order to avoid launching fresh insolvency proceedings.
Superdry asks landlords for three-month rent break Subscription
Superdry has written to landlords asking for a three month rent break beginning 1 April, due to the disruption caused by the coronavirus outbreak.
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.