UK shopping centre giant Intu says facing collapse
The owner of Intu Lakeside Shopping Centre in Grays, east of London, UK, warns that it is on the brink of administration after talks failed to restructure its finances. – AFP pic, June 26, 2020.
BRITISH shopping centre giant Intu, already hit hard before the coronavirus lockdown, warned today that it was on the brink of collapse after talks failed to restructure its finances. The debt-laden firm, which owns 17 giant shopping malls including MetroCentre and the Trafford Centre in northern England and Lakeside in the southeast, was seeking to progress talks with creditors before a midnight deadline.
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