Hints and tips:
...In the City, about 90 per cent of all new leases signed in the past year have been for the best quality, or “grade A”, space....
...The review by Mr Kang led to a significant writedown in earnings for the past two years “relating to the lease accounting involving four legacy sites”....
...Claer Barrett is the editor of FT Money, and a financial commentator on Eddie Mair’s LBC drive-time show, on weekdays between 4-6pm: claer.barrett@ft.com; Twitter @Claerb; Instagram @Claerb...
...This — along with the projected £12m in the first half of 2019 — would be revised in its accounts, it said, instead booked over multiyear leases....
...Eddie Stobart declined to give details on the nature of the accounting issue it had uncovered, beyond speaking of lease accounting on “four legacy sites”....
...The stores will now operate “under licence” from the administrators, giving Clintons a year to either agree new leases with landlords or close stores....
...Eddie Lampert, chairman, has said he is fighting to avoid an outright liquidation but lawyers warn Sears may struggle to avoid such a fate, putting the rest of the portfolio at risk....
...Results published on Thursday showed the retailer paid out $188m in interest expenses in its second quarter, as long-term debt and capitalised lease obligations ballooned from $2.4bn a year ago to $3.5bn...
...CV Eddie Milbourne Born Croydon, south London, May 1958 Education Harrow County Grammar School....
...Heavily indebted and under the leadership of hedge fund manager Eddie Lampert, the company struggled to find a strategy to compete effectively with ecommerce rivals....
...Claer Barrett, FT Money editor @Claerb I will extend the lease on my flat....
...Dreamland, which once reverberated to the beat of The Who, The Rolling Stones and Gerry and the Pacemakers, will begin a new lease of life with Chas ‘n’ Dave and Marina and the Diamonds — neatly encapsulating...
...The Illinois-based group, controlled by hedge fund manager Eddie Lampert, added that it was also considering splitting off its Auto Centers business....
...Does Eddie Lampert have a few more tricks up his sleeve? Sears Holdings’ valuation says he does. The company’s market capitalisation is about $4.2bn....
...It was opened with some fanfare – and neat symmetry – by the last governor of the Bank of England, Eddie George, later Lord George....
...It would raise a further $270m by selling or ending its leases on 11 stores....
...“I’m quite surprised by how quickly it’s gone through,” said Eddie George at Seymour Pierce. “It shows the landlords couldn’t stomach this company going into administration.”...
...Topland, the investment company managed by property entrepreneurs Sol and Eddie Zakay, has invested in a solar energy technology business that will use its real estate portfolio to generate and trade power...
...The collapse of Lehman Brothers proved to be a bloody affair for many with ringside seats, not least Eddie Middleton of KPMG’s Hong Kong practice....
...More than £800,000 was raised for Clic Sargent, the children’s cancer charity set up by Eddie Jordan of Formula One fame....
...still lead to a push to reduce the stores by selling off poorly performing locations, although Sears said in January that it had “no plans to close stores other than in the normal course of business”, as leases...
...It’s a tough big box to reuse,” he said, adding that Albertson’s could sell and lease back some of its sites....
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