All Retail, leisure & hotels articles – Page 11
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Online
New Look in discussions with lenders over CVA
New Look is in discussions with lenders over a company voluntary arrangement (CVA) proposal.
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Online
RJR Securities and Central and Urban host digital public consultation for Chapel Street scheme
RJR Securities and Central and Urban will host a digital public consultation ahead of submitting plans for its Chapel Street scheme.
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Online
Knight Frank inviting offers above £122.2m for Fetter Yard
Knight Frank is selling Fetter Yard following a £15m refurbishment.
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Online
Travelodge tries to persuade landlords to stay
Travelodge has put forward a case for landlords to stick with its brand in a presentation seen by Property Week .
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Online
Apple asks for 50% rent reductions
Apple has asked for 50% rent reductions across some of its UK stores, according to The Sunday Times.
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Online
Hammerson plans £500-600m rights issue
Hammerson is planning to tap investors for £500-600m in a rights issue.
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Markets
Covid-19 storm shakes Channel Islands
Recovery depends on ability of tourism and leisure sectors to bounce back, writes Helen Crane
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Online
Hammerson draws £75m from government’s Covid support scheme
Hammerson has drawn down £75m through the government’s covid support scheme after collecting just 16% of rent due in June.
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Online
Arcadia submits cost-cutting plan to pensions regulator
Arcadia Group has submitted a cost-cutting plan to The Pensions Regulator that includes the closure of more than 100 shops.
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Online
City Pub Group reports 37% drop in like-for-like sales
The City Pub Group has reported a 37% drop in like-for-like sales for the three weeks to 25 July.
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News
Travelodge landlords have been offered the chance to switch to ibis brand
A new ‘landlord-friendly’ platform ‘AGO Hotels’ will also offer landlords a new leasing model with a share of the income.
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Online
L&G UK Property Fund invests over £50m in Edinburgh regeneration project
Legal General’s UK Property Fund will invest over £50m in a major regeneration project in Princes Street, Edinburgh.
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Online
Next close to buying Victoria’s Secret’s British operations
Next is close to securing control of Victoria Secret’s British operations.
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Online
Savills completes sale of Cornwall hotel to Acorn Blue
Savills has completed the sale of Treglos Hotel on behalf of a private client.
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Online
Vapiano appoints retail property specialist tasked with saving 200 jobs
Restaurant chain Vapiano has appointed a retail property specialist to help secure the future of the business in the UK.
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Online
Pizza Express bondholders mull CVA
High street chain Pizza Express is set to be taken over by its bondholders in a CVA as it struggles with revenue loss as a result of the pandemic.
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Insight
Retail needs a lifeline to survive
It’s hard to imagine how the past three months could have been any tougher for the retail property sector.
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Online
John Lewis to follow Primark and reject job retention bonus
John Lewis is set to follow Primark and reject the chancellor’s job retention bonus scheme.
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Online
Itsu explores restructuring options
Sushi chain Itsu has become the latest restaurant chain to explore restructuring options.
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Online
Boots to close 48 optician stores, axing 4,000 jobs
High street pharmacy chain Boots is set to close 48 optician stores, cutting 4,000 jobs.