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Intu administration

Posted: 26 Jun 2020, 18:23
by Steve30000
https://www.bbc.co.uk/news/amp/business-53195980

The owner of some of the UK's biggest shopping centres, Intu, has called in administrators.

Intu had been struggling even before the coronavirus outbreak with about £4.6bn worth of debt.

Re: Intu administration

Posted: 27 Jun 2020, 10:39
by Nockya
Couldn't run the proverbial in a brewery comes to mind here like.

Re: Intu administration

Posted: 27 Jun 2020, 12:55
by Sunderland Nut
The High Streets have suffered for years because of these out of town centres, now it's payback time and not before long :mrgreen:

Re: Intu administration

Posted: 27 Jun 2020, 19:27
by Steve30000
Sunderland Nut wrote:
27 Jun 2020, 12:55
The High Streets have suffered for years because of these out of town centres, now it's payback time and not before long :mrgreen:
Aye, all those people losing their jobs.. Class😑

Re: Intu administration

Posted: 28 Jun 2020, 14:43
by Nockya
Steve30000 wrote:
27 Jun 2020, 19:27

Aye, all those people losing their jobs.. Class😑
A few hundred years ago you would have been called a Luddite :lol:
Now you are just a militant lefty union man :lol:
Markets change and we all have to adjust.
The Amazon warehouse over Weshy will take more staff on ;)

Re: Intu administration

Posted: 28 Jun 2020, 17:18
by Sunderland Nut
Nockya wrote:
28 Jun 2020, 14:43

Now you are just a militant lefty union man :lol:
2 out of 3 ain't bad :lol:

Re: Intu administration

Posted: 28 Jun 2020, 18:16
by Steve30000
Nockya wrote:
28 Jun 2020, 14:43
Steve30000 wrote:
27 Jun 2020, 19:27

Aye, all those people losing their jobs.. Class😑
A few hundred years ago you would have been called a Luddite :lol:
Now you are just a militant lefty union man :lol:
Markets change and we all have to adjust.
The Amazon warehouse over Weshy will take more staff on ;)
Decimate the high Street, just order everything online..

Re: Intu administration

Posted: 29 Jun 2020, 11:02
by Crawford
We will still buy the same amount of stuff so some company that employs people will benefit.
Perhaps the government should step in now ..... to save the high street.
Lower all business rates for those town centres that have suffered because of out of town shopping centres and the internet.