Dune Mulls CVA and Turnover-Based Rent Model Amid Pandemic Struggles
Dune, a footwear retailer founded by Daniel Rubin in 1992, is reportedly discussing potential rent cuts with landlords amidst...
rent cuts
Clarks Considers Restructuring Amidst Store Closures and Rent Cuts
Clarks, the footwear retailer, has initiated discussions with landlords about store closures and rent cuts, potentially leading to a...
Poundstretcher Opens 50 New Stores Amidst Store Closures
Poundstretcher plans to open 50 new stores in 2021 despite closing 50 due to CVA proposals, seeking freehold or...
WH Smith Seeks Rent Cuts Amid Pandemic Impact
WH Smith seeks rent cuts from its landlords amidst a restructuring plan that could see 1,500 roles axed due...
Apple Seeks 50% Rent Cuts Amidst Profitable Q2 Performance
Apple, despite seeing a 11% increase in Q2 sales to $59.7 billion, seeks up to 50% rent reductions from...
TM Lewin Seeks Restructuring Amidst Store Closures and Online Transition
In a surprising move, TM Lewin's new owner, SCP Private Equity, has reportedly called in restructuring firm ReSolve as...
Poundstretcher Launches CVA Amidst Losses and Job Risks
Poundstretcher, a discount retailer, is on the brink of closing most of its stores due to a proposed Company...
Debenhams Denies Lender Threat Over Rent Cuts, Faces Potential Store Closures
Debenhams denies reports that it's demanding rent cuts from landlords for debt restructuring approval. The department store chain is...
Jessops’ Property Arm Appoints Administrators, 500 Jobs at Risk
Jessops, the camera retailer, has appointed administrators to its property arm, potentially putting 500 jobs at risk. The main...
Clintons Considers CVA and Potential Sale Amid Financial Struggles
Card and gift retailer Clintons may be considering a Company Voluntary Agreement (CVA) to address its financial struggles, inviting...