The company said in a statement:"Frasers Group wishes to note its disappointment at the business rates relief announced.
"Whilst the retail industry as a whole has repeatedly asked for structural reform of business rates, none has been forthcoming. "Frasers Group and many retailers would have expected suitable relief until structural reform is implemented."It added:"For Frasers Group this cap will make it nearly impossible to take on ex-Debenhams sites with the inherent jobs created.
"It will also mean we need to review our entire portfolio to ascertain stores that are unviable due to unrealistic business rates. "Frasers Group believes that retailers should pay the fair amount of rates in line with realistic rateable values, but instead we continue to have an unwieldy, overly complex, and out of date business rates regime."
You know you are doing badly when the guy who deducts money from his employees for going to the toilet criticises you!
I was so happy when I open my wallet and Saw my payment of $11,000 with my initial capital of $1000 the help of Rolandwolf123 thank you sir
Is it really an obstacle to taking on old Debenhams shops. I’m not sure it was ever in his game plan. Annoying attempt at misdirection.
So let those shops go! Landlord will take a hit. Also the council. If properties in town centres stay empty long enough, council will be back begging & discounts always follow!