0 Comments Rents eased for struggling New Look in some Northern Ireland stores BelfastTelegraph.co.uk Fashion retailer New Look has negotiated rent reductions with landlords of some of its 26 stores here as part of the chain’s bid for survival, it has emerged. https://www.belfasttelegraph.co.uk/business/northern-ireland/rents-eased-for-struggling-new-look-in-some-northern-ireland-stores-36794197.html https://www.belfasttelegraph.co.uk/business/northern-ireland/article36794195.ece/05c7e/AUTOCROP/h342/2018-04-11_bus_39995526_I1.JPG Email Fashion retailer New Look has negotiated rent reductions with landlords of some of its 26 stores here as part of the chain’s bid for survival, it has emerged. The company last month announced creditors had agreed to a company voluntary arrangement involving the closure of some stores and heavy rent cuts in others. Its Northern Ireland store estate was not affected by closures, but a report by commercial property agents CBRE into activity in the market in the first quarter of this year reveals that some of its local stores have seen “significant rent reductions”. There are New Look stores in many of key retail locations, including Belfast’s Donegall Place and CastleCourt Shopping Centre, Bow Street Mall in Lisburn and Springhill Retail Park in Bangor. New Look is one of a number of retailers to enter into a form of insolvency proceedings this year. Electronics retailer Maplin has gone into administration, with its four stores… Read full this story
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