A nightmare on the high street
What is the future for retailers? Part 1
The retail sector has been hard hit over the last 10 years, with an endless list of casualties on the high street but why are we seeing a continual increase of brand name evaporation? Some of the reasons behind the disappearance is rising rents and business rates, increases in the minimum wage and of course dare we say it Brexit. There is also the additional blow of tired and out of date looking premises, declining consumer confidence and spend, shopping habits evolving and shopping centres becoming ghost towns.
In the first of our two-part report, we consider the causes of this nightmare and how retailers can wake up from it intact.
Challenges for landlords when a retailer enters into a CVA - Part 2
The second part of our report considers the recent challenge made by some landlords to the Debenhams’ company voluntary arrangement (CVA) that was approved by creditors in May 2019. Here we set out key issues that landlords should consider in deciding whether or not to challenge a CVA.