A zombie well before the pandemic, the UK company had racked up huge debts to finance rapid growth in a sector that had started shrinking some time ago.
The industry exhorts the government to call out “can pay, won’t pay” retailers, many of them global brands that avoid paying rent despite their cash reserves.
Local governments end up buying dying malls to keep them from becoming dead zones.
Brick & Mortar melts down on mall owners. So “repurpose” malls into housing?