244
Fashion Jobs
H&M
Visual Merchandiser Manager- Newmarket
Permanent · AUCKLAND
L'OREAL GROUP
Operations & Transport Manager
Permanent · AUCKLAND
ABBOTT
Tpm Contract Manufacturing Manager
Permanent · AUCKLAND
ESSILORLUXOTTICA GROUP
Optometrist - Opsm Rotorua
Permanent · ROTORUA
DANGERFIELD
Online Coordinator
Permanent · AUCKLAND
PUMA
Key Account Manager nz
Permanent · AUCKLAND
L'OREAL GROUP
Key Account Manager
Permanent · AUCKLAND
PETER ALEXANDER
Part Time - Sales Assistant - Peter Alexander nz - Queenstown
Permanent · QUEENSTOWN
FOOT LOCKER
Sales Associate Casual
Permanent · LOWER HUTT
ESSILORLUXOTTICA GROUP
Retail Associate | Sunglass Hut Manukau
Permanent · AUCKLAND
ESSILORLUXOTTICA GROUP
Retail Associate | Sunglass Hut Dunedin
Permanent · DUNEDIN
ESSILORLUXOTTICA GROUP
Retail Associate | Opsm Rangiora Eyecare
Permanent · CANTERBURY
PETER ALEXANDER
2 x Casual - Sales Assistant - Peter Alexander nz - MT Maunganui
Permanent · AUCKLAND
PETER ALEXANDER
2 x Part Time - Sales Assistant - Peter Alexander nz - MT Maunganui
Permanent · AUCKLAND
LULULEMON
Assistant Manager | Christchurch (Tuesday - Saturday Rotation)
Permanent · CHRISTCHURCH
ICEBREAKER
Icebreaker : Sales Associate, Casual - Wellington Airport Touchlab
Permanent · WELLINGTON
DFS
Personal Shopper
Permanent · AUCKLAND
H&M
Department Manager- Chartwell (Hamilton)
Permanent · HAMILTON
H&M
Store Manager Wellington
Permanent · WELLINGTON
H&M
Sales Advisor- 28h
Permanent · AUCKLAND
H&M
Assistant Store Manager- Sylvia Park
Permanent · AUCKLAND
H&M
Department Manager- Sylvia Park
Permanent · AUCKLAND
Published
Apr 23, 2021
Reading time
2 minutes
Download
Download the article
Print
Text size

Westfield wins case against Fragrance Shop over unpaid rent

Published
Apr 23, 2021

In a worrying development for retailers — but the opposite for their landlords — the High Court in the UK has backed the joint venture partner of Unibail-Rodamco-Westfield against The Fragrance Shop (TFS) in a dispute over unpaid rent.


Westfield



TFS owed Westfield more than £160,000 in rent and service charges for its Westfield London store that has been forced to close for long periods several times during the various lockdowns of the past year.

The case was being closely watched as it was the first High Court ruling on a non-payment issue where Covid-19 was being used as an excuse.

TFS originally agreed to a five-year lease at an initial rent of £200,000 a year back in 2019. This was then adjusted to around £180,000 base rent a year, plus rent linked to turnover.

The store had been closed for more than seven months since late March last year and TFS stopped paying rent in April 2020. It also owes the April-June 2020 service charge.

The payment of £166,884 plus interest was sought by Westfield’s JV partner Commerz Real Investmentgesellschaft.

URW’s UK chief operating officer Scott Parsons said the company has put a number of support measure is place for its tenants, including a switch to monthly payments, deferred rents and lower service charges. But he added that “rent collection remains an issue and the government moratorium is not helping as it encourages ‘can pay, won’t pay’ behaviour. Our strategy is to work with those who engage with us to reach a fair and positive outcome for all and for those who refuse to engage, we have been forced to take stronger action".

TFS had argued that its landlord wasn’t sticking to the code of practice for commercial property relationships that had been issued during the pandemic.

But the High Court disagreed and the summary judgement will clearly be a wake-up call for many retailers, particularly bigger names that have been heavily criticised by landlords for withholding rent when they could have afforded to pay it.

Copyright © 2024 FashionNetwork.com All rights reserved.