Struggling British sportswear retailer JJB Sports is offering its landlords a share of up to 7.5 million pounds ($12.25 million) if they back its rescue plan. JJB Sports, in which America's richest man Bill Gates hold...
Capital Shopping Centres (CSC), the UK's largest mall owner, said its shareholders had approved a deal to buy the Trafford Centre in Manchester and give Trafford's owner a nearly one-quarter stake in return.
Peel Group, set to take a near-20 percent stake in Capital Shopping Centres through its sale of the Trafford Centre mall in Manchester, said the deal was for a long-term investment in CSC, and not for cash.
The British Property Federation said some of its landlord members had agreed a plan to help retailers cut costs and meet quarterly rent payments after complaints the existing system was causing cash-flow problems.
Lipsticks tested by a U.S. consumer rights group found that more than half contained lead and some popular brands including Cover Girl, L'Oreal and Christian Dior had more lead than others, the group said on Thursday.