Future Group negotiates rents for its 1,700 stores - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Future Group negotiates rents for its 1,700 stores

The retailer is talking to individual landlords and has carved out multiple negotiation strategies. Its Big Bazaar outlets are offering a revenue share model to landlords. For the landlords not agreeable to the revenue share formula, Future group is seeking either a rent deferral or a reduced payment option and stores that are completely shut, the retailer has sought a total payment holiday.

from Industry-Economic Times
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