Intu warns shopping centres may close as funding talks continue
Image copyright Intu
Intu, the UK’s best-known shopping centre chain, is warning its financial troubles could see entire sites shut.
The company has appointed administrators KPMG as a “contingency” in case financial restructuring talks with lenders fail.
Intu warns that if that happens it will have to give KPMG funds for certain services, or see the centres shut.
It has 17 UK outlets including…
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