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Sports Direct’s rent arears ruling should be a warning for other fashion retailers, says Tom Morton, associate at law firm Fox Williams.
In the unprecedented times of the last year, the fashion retail industry has, like most, suffered from the ravages of the pandemic.
Fashion retailers and brands have always had a significant presence on the high street. So their footfall and revenue have been devastated by the virus and government measures to curb its spread. Those with a strong online presence have survived, and even thrived, during lockdown, but those that are heavily reliant on bricks-and-mortar stores have found themselves struggling to pay rent on their outlets while generating a vastly reduced income.
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Rent arrear ruling a retail ‘caution’ Digital Edition: Rent arrear ruling a retail ‘caution’ Retailers have expressed concern after an unprecedented High Court judgment ordered more than £150,000 in unpaid rent and service charges stacked up during the Covid-19 pandemic to be paid. You have read 1 of 1 free-access articles allowed for 30 - days. For further access please
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Unrestricted access to high-quality, independent coverage of the fashion retail industry
Keep up to date with the latest breaking news, and find out what it means for you
Read in-depth interviews with innovative business leaders
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