Ann Summers threatens landlords with CVA process over shop rents

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Retailer Ann Summers has warned its stores’ landlords they must take “a more pragmatic approach” to negotiations over rents. The lingerie and sex toy chain said if this did not happen, it would ask to formally restructure its debts through a Company Voluntary Agreement (CVA). Chief executive Jacqueline Gold said landlords needed to recognise the retail landscape had changed. Writing in Retail Week, Ms Gold said the ultimatum was “no idle threat”. She said many landlords had been open to renegotiating rental costs but that others continued “to bury their heads in the sand”. “I’m grateful to those landlords who…

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Forbes Advisor hires Bailie as consumer finance editor

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Korrena BailieKorrena Bailie has joined Forbes Advisor as a consumer finance editor.Previously, she was senior editor at Wirecutter and before that, she was at Credit Karma where she first held the post of managing editor and then that of senior manager, editorial.Bailie has also served as a managing editor at Bankrate Insurance and was creative media manager at Wcities.Bailie earned her bachelor’s degree in English literature and her master’s degree in creative writing from Queen’s University Belfast.

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