Retail
While analysts at UBS see more pain ahead, it’s not as many closures as the investment bank had initially projected about a year ago.
The seasonally adjusted Overall Turnover Index in November 2021, compared with the corresponding index of October 2021, decreased by 2.6%.
Buildings, plots and stake holdings in companies will be transferred to AssetsCo and its subsidiary European AssetsCo, while the consolidation plan envisages the relocation of stores and the renegotiation of rents.