×
111
Fashion Jobs
BEELINE
Sales Director UK/Roi (f/m/d)
Permanent · LONDON
HTNK
Enterprise New Business Manager (UK)
Permanent · LONDON
SHISEIDO
Bareminerals Account Manager - Hoopers, Wilmslow (Maternity Cover) (37.5)
Permanent · Manchester
SHISEIDO
Bareminerals Account Manager - Debenhams, Dundee (37.5)
Permanent · Dundee
SHISEIDO
Bareminerals Account Manager - Debenhams, Winchester (Maternity Cover)
Permanent · Hampshire
SHISEIDO
Account Manager - Debenhams
Permanent · BURY SAINT EDMUNDS
SHISEIDO
Shisiedo Group Fragrance Account Manager - John Lewis, Brent Cross (22.5)
Permanent · London
SHISEIDO
Training Manager - Fragrance
Permanent · London
OUKA LONDON LTD
e Commerce Internship
Internship · LONDON
UNDERGROUND
PR Showroom And Social Media Internship
Internship · LONDON
SANDRO UK
Flagship Assistant Manager - Central London m/f
Permanent · LONDON
MD-DA LTD
Sales & Marketing Assistant
Internship · LONDON
A.T. STUDIO
Photography Internship
Internship · BURNLEY
LONDON ORGANIC PR
Student Brand Ambassador
Internship · LONDON
THE POSITIVE COMPANY
e Commerce Internship (Flexible Location)
Internship · LONDON
BA&SH
Key Holder f/m - Full Time - London
Permanent · LONDON
BA&SH
Sales Assistant f/m - Full Time - London
Permanent · LONDON
NIKE
Nike Part Time Athlete (Sales Associate)
Permanent · Stoke-on-Trent
NIKE
Nike Coach (Service And Training Manager)
Permanent · Stoke-on-Trent
NIKE
Assistant Head Coach (Assistant Store Manager)
Permanent · Taplow
ALPHAOMEGA LONDON
Digital Marketing Assistant
Internship · LONDON
NAMED MODELS
Model Booking Assistant
Internship · LONDON

Matalan plans sale and leaseback of Merseyside HQ

Published
Jun 18, 2020
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Matalan is marketing its head office in Knowsley, Merseyside with the hope of freeing up spare cash to mitigate the impact of Covid-19.


Matalan


The retailer is seeking a sale and leaseback deal on its 132,000 sq ft premises at Knowsley Industrial Park, which have been under its control since 2018.

The transaction could raise about £29 million, providing much-needed capital to sustain the business following the UK lockdown.

Critics believe the move reflects John Hargreaves’ resistance to pump more cash into the discount fashion chain, the Times reported. Matalan’s multimillionaire founder, who lives in tax haven Monaco, has avoided reaching into his own pockets to support the retailer, which furloughed 11,000 staff under the Government Coronavirus Job Retention Scheme.

Matalan recently borrowed £25 million under the Coronavirus Large Business Interruption Loan Scheme.

The sale and leaseback plan echoes similar moves by Next, which appointed agents to dispose of its £45 million Leicester head office in April, and Sports Direct, which sold its Shirebrook logistics centre for £120 million in 2019.

Ted Baker also agreed a deal with British Airways' pension scheme to sell its Ugly Brown Building in north London earlier this year.

Copyright © 2020 FashionNetwork.com All rights reserved.