Ann Summers threatens landlords over shop rents
Image copyright Ann Summers
Retailer Ann Summers has warned its stores’ landlords they must take “a more pragmatic approach” to negotiations over rents.
The lingerie and sex toy chain said if this did not happen, it would ask to restructure its rent costs through a Company Voluntary Arrangement (CVA).
It fears sales could be slow to recover amid the pandemic, making it hard to pay rents and…