» Arcadia goes bust

Arcadia goes bust

Sir Philip Green’s Arcadia retail empire has fallen into administration with 13,000 jobs and hundreds of stores at risk, making the Topshop owner the UK’s biggest corporate failure of the coronavirus crisis so far.  What does this mean for our high streets?  Its simple and the news is terrifying.  More vacant high street shops, more unemployment, fewer people visiting the high streets, rents will fall, property values will fall, landlords will be unable to pay interest on their loans, many will be forced to sell and some who are unable to sell due to a lack of buyers will have their properties repossessed.  Those who want to sell their commercial property still have options and can contact us to discuss selling their high street shops.

Posted in Commercial Property, Retail Property | Comments Off on Arcadia goes bust

Comments are closed.

© 2021 Sell My Commercial Property
Terms and Conditions
Privacy Policy
· Sitemap
Rss Feed Tweeter button Technorati button Reddit button Myspace button Linkedin button Webonews button Delicious button Digg button Flickr button Stumbleupon button Newsvine button