Apple Wants Rent Cuts With UK Landlords

It has been reported that due to the effects of the pandemic on the UK high street, even tech giant Apple is trying to negotiate a 50 per cent rent cut with its retail landlords.

Reports

The reports, which appeared in the UK’s Sunday Times, allege that Apple has asked the landlords of its 38 UK store locations to reduce its rents by half in this most difficult period for the UK high street in exchange for extending leases on stores that still have several years left on those leases, meani...