New Look launches restructuring to cut shop rents and debt pile
New Look said 459 of its 496 shops have reopened but it has reported a 38% fall in like-for-like store sales since reopening.
UK News|Aug 13, 2020
UK News
222 results - Page 5 of 15
1,100 jobs at risk as Pizza Express eyes around 67 restaurant closures
The chain said it has also hired advisers from Lazard to lead a sale process for the business.
UK News|Aug 4, 2020
UK News
Taiwanese grandparents become Instagram sensations modelling abandoned clothes
The couple from the Houli district of Taiwan began modelling clothes left behind in their laundrette.
Viral News|Jul 26, 2020
Viral News
Pizza Express ‘working on plans to close around 75 sites across UK’
The group is reportedly in talks over a restructuring that could see it shut eateries and slash rents to weather the coronavirus crisis.
UK News|Jul 16, 2020
UK News
Buzz Bingo to shut 26 bingo halls with 573 jobs at risk
The company said 91 of its clubs will continue to trade, with plans to start the reopening of sites from August 6.
UK News|Jul 16, 2020
UK News
Landlords give green light to Poundstretcher restructuring plan
More than 90% of creditors approved the move, which has bought an extra six weeks for 253 stores whose futures were at risk.
UK News|Jul 3, 2020
UK News
Frankie & Benny’s owner’s plan to shut 125 restaurants given green light
Lenders approved the group’s Company Voluntary Arrangement deal which will slash its leisure restaurant portfolio.
UK News|Jun 29, 2020
UK News
Burger chain Byron files notice to appoint administrators
The burger chain, which runs 51 sites, started a sale process with KPMG earlier this year after being forced to shut its sites due to coronavirus.
UK News|Jun 29, 2020
UK News
Landlords approve deal to slash Travelodge’s rent
The company’s hotels closed in March due to lockdown.
UK News|Jun 19, 2020
UK News
Landlord and tenant - the coming battle
ENGLISH law has always been hostile to the landlord. In an early law lecture I went to the lecturer made the remark that English law had taken, whenever possible, any right the landlord had away, with the exception of a non-binding obligation to provide a rent book, despite the author once making such an application. This short article will look at two developments which threaten to have major implications for landlords and tenants.
Business|Jun 11, 2020
Business
Up to 3,000 jobs on the line as Frankie and Benny’s confirms 125 sites will shut
The Restaurant Group is asking its landlords to approve an agreement that would slash its rent.
UK News|Jun 10, 2020
UK News
Travelodge launches radical restructuring plan to save 10,000 jobs
The hotel group is set to file a Company’s Voluntary Arrangement (CVA) deal after heated talks with landlords.
UK News|Jun 3, 2020
UK News
6,000 jobs at risk as Bella Italia owner files intent to appoint administrators
The restaurant group said the move will give the firm 10 days breathing space to consider ‘all options’ for restructuring.
UK News|May 18, 2020
UK News
Future of Gourmet Burger Kitchen in doubt after owner pulls cash support
Famous Brands, the chain’s South African owner, said it had taken the decision to ‘withhold financial support’ from the UK firm.
UK News|Apr 2, 2020
UK News
Monsoon Accessorize mulls sale after virus throws turnaround plan off course
The two chains, which employ around 3,500 staff, have shut down all stores after the Prime Minister told non-essential retailers to close.
UK News|Mar 30, 2020
UK News