Youth Team Starter
- Dec 7, 2019
Leicester City, St Albans City
Laura Ashley has collapsed into administration.
The Milton Keynes one despite having far more choice that Oxford's Westgate or Rushden Lakes to name but two relatively near competitors has no where near the footfall of those and is looking it's age.The shopping-centre company INTU has warned that it could go bust, after revealing that it made losses of -£2billion in 2019, adding to a total debt of -£5billion...
INTU owns seventeen shopping centres in the UK, including Metrocentre in Gatehead, Trafford Centre, Milton Keynes and Lakeside.
These indoor shopping centres (whether owned by INTU or anyone else) have been losing ground for sometime now. The one at Bargate in central Southampton sat empty for years and was recently demolished. And I recently walked through The Cascades Centre in Portsmouth and remembered the huge fuss made when it was opened in 1989 - now it's half-empty and looking very sorry for itself, having been usurped by the newer Gunwharf centre. I also visited The Quadrant shopping centre in Swansea recently, which presently has its innards held up by a huge rack of scaffolding. And the INTU-owned Broadmarsh Centre in Nottingham was looking near-derelict last year (it seems to be nothing but an enormous covered short-cut to the railway station these days, though it does admittedly still have a Fopp). Even a beautiful place like Shrewsbury has a stinkingly ugly one, full of empty units, confusing signage and escalators that seem to lead nowhere.
I’ve always held a grudge against Shearings.Specialist Leisure Group, which owns Shearings Travel, has collapsed into administratuin, with the cancellation of 64,000 holidays and the loss of 2,500 jobs within Shearings.
With debts of £15 billion, Hertz were possibly heading that way, even without coronavirus.With not enough people flying at this current time, and then hiring cars at the airport when they reach the other end, Hertz has filed for bankruptcy with debts of £15 billion.
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