Superdry landlord M&G drafts in lawyers to review survival plan
The owner of Superdry’s Oxford Street flagship is reportedly mulling a challenge to the fashion retailer’s survival plan, which is set to involve steep rent cuts across some of its stores.
The Superdry landlord, M&G, is understood to have drafted in lawyers from Hogan Lovells to “scrutinise” the fashion retailer’s restructuring plan, Sky News has reported.
The restructuring plan will entail steep rent cuts across 39 Superdry stores and dissatisfied landlords will have the option to terminate the leases if they don not agree with the proposed terms.
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