The video games retailer employing over 230 people across Ireland is dependent on funding from its US parent to keep trading and is reviewing expensive retail leases.
Yet another case over rents has been lodged with the High Court. The latest battle involves the German financial giant Deutsche Bank and one of Britain’s richest men.
While some commercial property owners take beleaguered tenants to court, others agree to link rent and revenue. Could this become a standard clause in retail leases?
Eason faces a legal clash over rent arrears with a German fund as challenging trading conditions continue to prevail as a result of the pandemic.
The property developer Paddy Kelly and the McCormack family rent out a property in Dublin’s IFSC to the company behind the Milano pizza chain. They are now seeking summary judgement in yet another landlord-versus-tenant rental dispute.
The period cut-stone building occupied by the bookseller in Galway’s central shopping district remained closed for 11 weeks during the Covid-19 lockdown. Its landlord, a French investment firm with a growing presence in Ireland, is now taking Eason to court just six months after completing a buy-and-leaseback deal.
It has grown both sales and profitability across its Irish network. However, as it prepares for a radical restructuring of its beleaguered UK business, New Look is now working with advisers to assess options for its Irish subsidiary including a potential examinership.
In recent weeks, there has been a growing number of rental clashes between landlords and retailers. Now, along with the Irish jewellery chain Fields, Philip Green’s TopShop is being sued by a company linked to the Jervis Street Shopping Centre.
Aviva Life and Pensions has initiated High Court proceedings in Dublin against retailer Reiss and its founder David Reiss. The group operates from a flagship store on St Stephen’s Green.
Thousands of businesses have stopped paying their rent amid the Covid-19 lockdown. Many landlords are willing to talk, some are giving their tenants relief – and others have already sent solicitors' letters.
© 2023 Currency Media Limited
