Grace Whelan is a news reporter at Drapers, specialising in menswear and property across the magazine and website. She joined the team in 2018 after graduating from City, University of London with an MA in magazine journalism. Personal industry interests include the developing role of tech in retail and British manufacturing.
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Footasylum asks for rent-free Q3Subscription
Footasylum has approached landlords to request a three-month rent holiday for the third quarter from 25 June, Drapers can reveal.
Mike Ashley, chief executive of Frasers Group, has issued a public apology after a spat with the government over trying to keep his Sports Direct stores open when non-essential businesses were ordered to close.
Retailers are only “deferring a problem” by withholding rent payments at this week’s March quarter deadlines, property experts have told Drapers.
Drapers Digital Awards 2020 shortlist revealedSubscription
We can now unveil the shortlist for the Drapers Digital Awards 2020, which recognise and celebrate the best in fashion ecommerce.
Coronavirus: Moody's downgrades Marks & SpencerSubscription
Credit ratings agency Moody’s has downgraded Marks & Spencer’s outlook as the impact of coronavirus is expected to significantly dent the retailer’s clothing and home business in the weeks ahead, and delay initiatives planned to reposition the business.
Coronavirus: British Land defers £40m in rentSubscription
British Land will defer £40m in rents for this quarter and spread repayments to mitigate the impact of the coronavirus outbreak.
Jack Wills continues to slash storesSubscription
Frasers Group has announced the immediate closure of a further 17 Jack Wills stores, bringing the total number of store closures announced over the last week to 22.
Shopping centre owner Intu has warned of a breach of its upcoming debt covenants after it received less than one-third of UK quarterly rent payments that were due yesterday.
Frasers Group offers help to NHSSubscription
Frasers Group has offered its help to the NHS in an open letter to Michael Gove.
Primark is withholding quarterly rent payments, due today, on its leasehold properties in the UK in a bid to prompt ”urgent” conversations with landlords over ongoing rental terms.