Primark pushes for 30% rent cuts across dozens of stores

By David Parsley2019-07-29T07:23:00

Primark is pushing for rent cuts of up to 30% across dozens of stores in a bid to bring its property costs in line with high street rivals that have used company voluntary arrangement to close stores and slash payments to landlords.

The budget fashion confirmed it is in discussions with landlords over lower rents on properties where lease contracts are coming up for renewal.

This content is only available to registered users

You must be logged in to continue

Would you like to read more?

Register for free to finish this article

Registration includes the following benefits:

Access up to four FREE articles per month
Breaking news, comment and analysis from industry experts as it happens
Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Four articles not enough? SUBSCRIBE for unlimited access to over 100 weekly articles and our comprehensive archive. For as little as £5 per week.

Registered users and subscribers SIGN IN here to continue