Apple Asking U.K. Stores Landlords for 50 Percent Rent Reduction

Apple has reportedly asked the landlords of its retail stores across the UK for huge rent reductions. As per the report, Apple has told landlords of its 38-store estate in the UK that it wants a rent reduction by 50 percent and a rent-free period to go along with it. In turn, the company is willing to extend the rent lease by a few years.

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Author: Rajesh Pandey