Intu pleading for relief from creditors after plunging rent payments leave it facing cash crunch By Daily Mail City & Finance Reporter Published: 22:11 BST, 18 May 2020 | Updated: 22:11 BST, 18 May 2020 Intu is pleading for relief from creditors after plunging rent payments have left it facing a cash crunch. The commercial … Read more
The Trump Organization has requested bailout funds from the U.K and Ireland to help pay the salaries of workers at its three golf courses in Scotland and Ireland, while in the U.S., where it is legally barred from seeking such aid, the company has furloughed 2,000 employees. Owned beneficially by President Donald Trump, but run … Read more
Billionaire owner of retailer Matalan seeks £60m cash as closures bite Matalan, run by the billionaire Hargreaves family, is seeking as much as £60m It said it had been forced to close 232 stores but continues to sell clothing online Matalan has furloughed staff has drafted a number of forecasts to assess the impact of lockdown … Read more
Property tycoon Nick Candy seeks to up his stake in trendy London gym chain 1Rebel By Daily Mail City & Finance Reporter Published: 21:51 GMT, 16 December 2019 | Updated: 21:51 GMT, 16 December 2019 Property tycoon Nick Candy has bumped up his stake in a trendy chain of London gyms. The 46-year-old already owned … Read more
Ailing retailer Laura Ashley seeks further £15m rescue loan just weeks after emergency funding deal It was saved from collapse last month by £20m lifeline from US bank Wells Fargo It said it is ‘in advanced discussions with a third-party lender’ But there are fears of the impact of coronavirus By Daily Mail City & … Read more