Marstons, the pub and brewing group, has announced it is to cut 2,150 jobs.
There was more bad news today for the UK high streets and the retail commercial property sector as Gourmet Burger Kitchen, the casual dining chain, announced it is to close 26 restaurants which will lead to 362 job losses. The chain, which went through a major restructuring in 2018, was bought out of administration several […]
Selling commercial property can be long, difficult, expensive, stressful and inconvenient. Buyers today want to pay knock-down prices for commercial property and give sellers a very hard time. Also, some agents advise owners that their properties are worth more than they actually are just to get the sale instruction and then bring them offers which […]
This is the burning question on the minds of those who own shops. We all know how badly the retail sector and commercial property market has been affected over the past 9 months and the news is going from bad to worse. Over the past week, it has been widely reported that the number of […]
As at today, 7th October 2020, only 50% of commercial property rents have been collected for the September 2020 quarter, according to Re-Leased. The office, retail and industrial sectors are all suffering as the economy struggles, less people are spending money, people still do not want to go back to the office and are choosing […]
Shoe retailer Clarks is preparing to close dozens of its shops throughout the UK in an attempt to rescue its failing business. This is another blow to the high street as shops continue to struggle as a direct result of corona virus and stiff competition from online retailers.
Cineworld, the worlds second largest cinema chain, have announced they are to close all their UK and USA cinemas which will lead to 45,000 job losses. It has 127 cinemas in the UK and all will close this week.
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- Ban on business evictions extended to the end of 2020
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