Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We use cookies to personalise your experience; learn more in our Privacy and Cookie Policy. You can opt out of some cookies by adjusting your browser settings; see the cookie policy for details. By using this site, you agree to our use of cookies.

Jack Wills 'in discussions' to reduce rents

Young fashion retailer Jack Wills is holding conversations with landlords over reducing rents as part of a plan to alleviate pressure on the business, Drapers understands.

The retailer is looking at several options to reduce its rental bill, and is evaluating its store portfolio.

At present the plans do not include store closures, but a small number of stores have been identified for potential rent reductions. Drapers understands that a company voluntary arrangement (CVA) has been ruled out for the time being.

Founder Peter Williams left Jack Wills last month after disagreements with its owner, BlueGem Capital Partners. Jack Wills drafted in former Debenhams boss Rob Templeman as an adviser in August. Former Debenhams group trading director Suzanne Harlow has been consulting at Jack Wills, and is expected to replace Williams as chief executive.

Jack Wills declined to comment. BlueGem has been contacted for comment.



Readers' comments (1)

  • The ex Debenhams lot will ruin Jack Wills...……..

    Unsuitable or offensive? Report this comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.