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.