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A survey from PricewaterhouseCoopers has revealed that there were more retail openings than closures in the West Midlands in 2011. This growth is from charity shops, pawnbrokers and supermarkets.
Recently, we highlighted that some landlords are paying charities to take on empty units to avoid rates.
Whilst news that the West Midlands seems to be holding its own is heartening in this difficult climate, the survey makes it clear that retailers are having to rethink their strategies and that some retailers are faring better than others.
H&M is the latest retailer to confront its landlords about this ‘two tier retail market’ in an attempt to explore and negotiate more favourable terms.
View blog
Ann Summers is the latest retailer to have entered into new voluntary deals with the majority of their landlords, rather than using the CVA process.
We previously reported on the High Court decision of S Franses Ltd v The Cavendish Hotel (London) Ltd in which it was held that a landlord’s motive could not prevent it from successfully utilising ‘ground (f)’ under s30(1) of the Landlord and Tenant Act 1954 to oppose a lease renewal.
The FCA are encouraged to find that the implementation of the new rules has encouraged financial institutions to manage whistleblowing cases and concerns fairly, consistently and in a manner that protects the individual whistleblower.
Legal Director
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