A hot potato: Apple has asked the landlords of some UK retailers to reduce rents by 50 % and offer you a “rent-free period” in exchange for extending leases by numerous years. The request comes right after Cupertino’s second-quarter sales place it above Saudi Aramco (Saudi Arabia’s national oil business) as the world’s most lucrative business.
As reported by The Sunday Times, Apple is only proposing the deal to retailers that nonetheless have a quantity of years left on their lease, permitting landlords lots of time to make a selection. The publication writes that the 38 outlets Apple has in the UK are exceptionally lucrative, so the internet site owners are probably to accept the bargains to preserve a favored tenant.
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