Apple asks UK retail landlords to cut rent by 50% and offer a ‘rent-free period’ due to COVID-19

Apple is reportedly asking its retail store landlords in the UK to slash its rent by as much as 50%, according to a new report from The Sunday Times. If landlords agree to cut the rent and offer a “rent-free period,”, Apple is allegedly prepared to extend its leases by several years.

more…

The post Apple asks UK retail landlords to cut rent by 50% and offer a ‘rent-free period’ due to COVID-19 appeared first on 9to5Mac.

Full Story Via 9to5Mac