Mike Ashley’s Frasers Group has told landlords it will not pay rents until it is “fully able to freely trade as a business” again.
The group, which owns a host of high street chains including Sports Direct, House of Fraser, Flannels, Game and Jack Wills, was forced to close all of its stores during the coronavirus pandemic.
Although non-essential stores across the country are now open for business, social distancing has impacted the number of customers allowed into shops at any given time.
Frasers said it does intend to pay rents until trade “reaches a level” that it, and its landlords, had expected when agreeing rental terms.
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