Intu warns shopping centres could close as administrators put on standby

By Tom Lowe2020-06-23T11:21:00

Retail giant has debts of £5bn

Shopping centre giant Intu has warned that some of its retail sites could close as the firm buckles under the impact of covid-19.

The London-based chain, which made a loss of £2bn in 2019 and has debts of £5bn, has called in KPMG to “contingency plan for administration.”

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