Just in Time for Holiday Shopping Season: UK Fashion Giant Arcadia Crashes into Bankruptcy by Nick Corbishley • Dec 1, 2020 • 34 Comments Asset stripping by its owner, years of brick-and-mortar meltdown, topped off by the Pandemic. Suppliers, landlords, and pensioners twist in the wind.
Vast Euro-Derivatives Market, Centered in London, Is Set to Fragment as End of Brexit Transition & Uncertainties Loom by Nick Corbishley • Nov 28, 2020 • 88 Comments It shouldn’t “create risks to the stability of the financial system,” which is soothing to know.
Doubts Surface about “Valuations” of London Office Properties amid Conflicts of Interest by Nick Corbishley • Nov 19, 2020 • 24 Comments But these “valuations” are crucial to REITs and property mutual funds.
Amid Eviction Moratorium, Wiggle Room Tightens for Retail Landlords & Tenants in the UK by Nick Corbishley • Oct 19, 2020 • 36 Comments Land Securities, a Giant UK REIT, announced that it would try to sell a large portion of its properties. No buyers identified yet.
Highly Leveraged Commercial Real Estate Bets that UK Local Authorities Took to Meet Budget Shortfalls Begin to Unravel by Nick Corbishley • Oct 13, 2020 • 61 Comments With impeccable timing.
Small-Business Emergency Loan Program in the UK Threatens to Descend into Chaos by Nick Corbishley • Oct 3, 2020 • 33 Comments A goldmine for enterprising criminals. Even legitimate borrowers face sky-high default rates. Taxpayers to eat the losses.
Work from Home Gets Entrenched: Embraced by Workers & Businesses in the UK, it’s Upending Real Estate, Retail, Restaurants, Bars, Cafés by Nick Corbishley • Sep 3, 2020 • 99 Comments “The contract between society and business has changed forever.”
Small Landlords, Tenants, Lenders, Governments Grapple with “Extend-and-Pretend Forevermore” by Nick Corbishley • Aug 26, 2020 • 70 Comments Most of the fallout from the Pandemic has been postponed in the UK. But then what?
Bite the Bullet or Extend & Pretend? Unemployment in Europe by Nick Corbishley • Aug 8, 2020 • 65 Comments 45 million people have been furloughed in Germany, the UK, France, Italy, and Spain, but the “unemployment” rate barely budged. Creating government-subsidized zombie companies & zombie jobs?
A Midsummer Nightmare for Tourism: UK, Other Countries Impose Quarantine Requirements on Returnees from Spain as Virus Cases Surge by Nick Corbishley • Jul 28, 2020 • 51 Comments Fresh Tsunami of Cancellations Washes Over Tourism-Dependent Spain amid Fears Borders Will Slam Shut Again.
