Debenhams asks for rent holiday as shoppers shun streets due to coronavirus
16 March 2020
Debenhams has asked landlords for an immediate five-month rent holiday as the retail industry faces “unprecedented pressures” because of the coronavirus pandemic.
The UK department store chain is already in the midst of a major financial restructuring process, and has closed 22 stores. Another 28 of its remaining 141 stores are expected to close next year.
Read the full article on The Guardian.