Around 132,000 jobs are on the line - 3,000 in house workers and thousands more at its shopping centre outlets which are hired by tenants such as New Look and H&M. There is a real possibility that its shopping centres, including those at Trafford Centre, Lakeside and Gateshead’s Metro Centre – could shut their doors," Adrian Palmer, professor at Henley Business School explained. "Intu’s troubles are indicative of problems affecting the retail property sector which has been having a bad time during the COVID-19 pandemic. To make matters worse for retail property companies’ cash flow, the number of retailers deferring payment of their quarterly rent rose sharply. Full list of Intu shopping centres at risk of closure

Source: Daily Mirror June 26, 2020 09:05 UTC