Property giant British Land criticised retailers seeking to cut their rent bills as it released its full-year results. The company said some chains have been asking it to sacrifice too much as its portfolio value fell.
More news has emerged around Mike Ashley's plans for House of Fraser with a report that he will invest hundreds of millions into relaunching it as Frasers, but is also seeking a three-year rent holiday.
There are fears that the biggest hit from the Debenhams CVA if it’s approved this week will be suffered by smaller landlords with the 166 stores the retailer operates shared between 70 different property owners.
The gifting market in the UK is dominated by a major supermarket chain and an e-tail giant, but department stores remain key gifting destinations while other supermarkets also have a major opportunity to make it big.
As House of Fraser heads towards the first anniversary this summer of its failure and buyout by Sports Direct, there have been reports that landlords who agreed to rent-free deals are losing patience with the retailer
Sergio Bucher, the CEO who hoped to turn Debenhams around but has presided over its decline, is expected to set down from his role within the next few days with some observers saying news could come as soon as Monday.