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Our local Evans has been reclaimed by it landlord, by all accounts the staff had not been told the shop was not opening
https://www.bbc.co.uk/news/uk-england-suffolk-55161112
there's an Evans opening in S****horpe of all places
Hope no one's bike is locked inside
On the one hand, Mike Ashley has successfully bullied landlords into reduced rent payments in the past, that seems to be one of his business tactics when taking over chains. This time he hasn't got away with it.
On the other hand, property prices in the UK are absolutely ridiculous, and damaging to many businesses.
dirtyrider, you know what they say...
If Typhoo put the T in Britain, who put the c*** in S****horpe.
Same thing happened in Skipton with House of Fraser by all accounts. Landlord pulled the plug immediately on Ashley taking over.
Some premises will be worth the full rent and can tell Mike to take a walk , others are overpriced and need to be taken down a peg to be viable in todays retail environment.
The Scunny one is going into a building that's been empty for years along with Sports Direct, Game and some clothing store. A mega store apparently.
To (mis)quote another Billy, 'I thought I was working class and then I went to S****horpe.'
Oh dear, that's where I bought my Jamis Renegade! It's a virtually brand new development that's inches from the A12. I'd have thought it was as good a site as any. Real shame for the employees as ever.
Maybe the lease expired
Maybe te bank didnt pay the rent on time
Maybe the landlord would like the building back and wont renew the lease
Letting businesses continue to trade outside of a lease migt mean squatters rights are invokef but ianal
Maybe there are insurance issues with letting people in and out once a lease has been breached
To (mis)quote another Billy, ‘I thought I was working class and then I went to S****horpe.’
If you want to know what S****horpe was like 30 years ago, go there tomorrow
Same thing happened in Skipton with House of Fraser by all accounts. Landlord pulled the plug immediately on Ashley taking over.
And now the proposed takeover for some Edinburgh Woollen Mills granny-magnet has imploded too. Tough times for retail is an understatement.
The bad news for that landlord is that the store is poorly laid out and ugly as sin, needs a complete revamp, can't see that being a possibility in the current climate.
Some premises will be worth the full rent and can tell Mike to take a walk , others are overpriced and need to be taken down a peg to be viable in todays retail environment.
Some premises are mortgaged with a nominal rental value that may well now be above the market rental value, and you can't rent them out at less than that nominal value or you breach the mortgage terms. So it has to sit empty. Crazy, but true.
And now the proposed takeover for some Edinburgh Woollen Mills granny-magnet has imploded too. Tough times for retail is an understatement.
Yep, mega bad timing closing the High Street EWM shop as the lease expired before getting the Rackhams shop ready. Now we have two of the bigger High Street shops empty! It's okay though, I notice a Turkish patisserie is opening opposite the Post Office.
As for Rackhams, didn't it survive the initial Ashley take over only to be culled by him some time later? I remember talking to the staff after he took over and the shop had been (temporarily) saved.
And now the proposed takeover for some Edinburgh Woollen Mills granny-magnet has imploded too.
I never understood how EWM was so successful, I mean just how many woolen jumpers do old ladies get through a week?