Tag: landlords

JC Penney: Landlords plot rescue for department store

Image copyright Reuters Image caption The company filed for chapter 11 bankruptcy in May Two of America’s biggest shopping mall owners have agreed to take on JC Penney’s retail operations to save the department store from closing. Simon Property Group and Brookfield Property Partners said they would keep the majority of JC Penney’s stores open, potentially saving 70,000 jobs. JC… Read more →

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Ann Summers threatens landlords over shop rents

Image copyright Ann Summers Retailer Ann Summers has warned its stores’ landlords they must take “a more pragmatic approach” to negotiations over rents. The lingerie and sex toy chain said if this did not happen, it would ask to formally restructure its debts through a Company Voluntary Agreement (CVA). Chief executive Jacqueline Gold said landlords needed to recognise the retail… Read more →

Coronavirus: Ban on landlords evicting renters extended

Image copyright Getty Images Housing Secretary Robert Jenrick has announced a two-month extension to the government’s ban on evicting renters amid the Covid-19 pandemic. New evictions in England and Wales of tenants in both social and privately-rented accommodation will be suspended until 23 August. “No-one will be evicted from their home this summer due to coronavirus,” Mr Jenrick tweeted. But… Read more →