Tags: retail crisis

UK retail crisis leaves banks hesitant to fund shopping centres

Investment firm Franklin Templeton had to pull out of a £38m deal to buy an Edinburgh shopping centre after failing to raise bank debt, reflecting growing concern among lenders about the retail industry. Sources said Franklin Templeton had agreed to buy the Cameron Toll centre from Oaktree Capital, but three banks refused to lend. Retail…

Business leaders agree, UK high streets must change to meet social needs

The FT City Network is a forum of more than 50 financiers, business people and policymakers. This month, members were asked for their views on the collapse of Debenhams and how the crisis on the high street should be addressed. Questions posed included: What is the problem — online competition, overleveraged private equity ownership structures,…