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2,000 jobs under threat at fashion chain

2,000 jobs under threat at fashion chain

Business
About 2,000 jobs are under threat as another high street retailer faces tough trading conditions.The company that owns Select, a fashion chain aimed at young women, is seeking a Company Voluntary Arrangement (CVA) that would allow it to slash rents.The chain has 183 stores in England and Wales also sells 4,000 items online.Genus UK, Select's owner, has no plans to close stores, but the proposal includes an option for landlords to "take back loss-making sites". Earlier this month another fashion chain, New Look, New Look, announced plans to close 60 stores as part of a rescue deal to keep it afloat.Rents at the remaining 400 New Look stores will be cut and almost 1,000 staff face redundancy.Six reasons behind the High Street crisisAll Toys R Us stores to closeAndrew Andronikou of business ...
Firms on Caribbean island chain own 23,000 UK properties

Firms on Caribbean island chain own 23,000 UK properties

Business
A quarter of property in England and Wales owned by overseas firms is held by entities registered in the British Virgin Islands, BBC analysis has found.The Caribbean archipelago is the official home of companies that own 23,000 properties - more than any other country.They are owned by 11,700 firms registered in the overseas territory.The finding emerged from BBC analysis conducted of Land Registry data on overseas property ownership.The research found there are around 97,000 properties in England and Wales held by overseas firms, as of January 2018. It adds to concerns that companies registered in British-controlled tax havens have been used to avoid tax. Sorry, your browser cannot display this map Map built by Carto. If you can't see the map, please click here to op...