Out of Town Group, the shopping centre restaurant operator, has gone into administration. The Times
The group was acquired by Penta Capital in 2002 in a £19m buyout. The administrator is RSM Robson Rhodes.
Recent ruling prompts renewed calls for an end to upward-only rent reviews.
The Crown Estate’s chief executive has warned that the business has another “difficult year ahead” after the value of its London portfolio fell by £700m year on year.
Retailer is seeking to open number of new branches following the reopening of its flagship on Oxford Street
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