Primark has reportedly forced landlords to sign gagging orders on rents and the move comes after the fast-fashion retailer agreed to pay a select group of landlords.
In March, Primark withheld a reported £33M of quarterly payments due to landlords, the day after it shut 376 stores across 12 countries due to Covid-19, including 189 in the UK.
Primark pays about £125M rent a year, and said that for every month of closure, it would lose about £650M in sales. Therefore it is clear to see why the retailer is struggling to pay rent at this current time. However Primark announced earlier this month that it plans to re-open stores in the UK from 15 June, and has been in talks with landlords about agreed rent payments.
