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Re: Changes on the High Street
Quote:
Quote from The Sun: The owner of Lakeside and the Trafford Centre shopping centres has collapsed into administration after failed talks with lenders.
But Intu Properties says its shopping centres will stay open for the time being despite admitting earlier today that some could close if crunch talks failed.
The group owns 17 shopping centres in the UK, including the Victoria Centre in Nottingham and Intu Watford, as well as three in Spain.
It employs about 3,000 staff across the UK, while a further 102,000 work for the shops within its shopping centres.
The Sun has asked Intu how many jobs are at risk as a result of the administration and whether any shopping centres could be shut in future, and we'll update this article once we hear back.
Intu had been desperately trying to secure breathing space from repaying debts in a bid to keep the business going.
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Not quite the high street but a sign of the times when shopping malls are going broke as well.
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History is much like an endless waltz: The three beats of war, peace and revolution continue on forever.
However history will change with my coronation - Mariemaia Khushrenada
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