Apple demands 50% rent cuts despite “phenomenal” sales during lockdown

// Apple is demanding landlords for 50% rent reductions
// The retailer has offered to extend leases by a few years in returnApple is reportedly demanding for rent reductions across its UK estate despite a sales surge during the coronavirus lockdown.
The tech retailer has asked landlords of its 38-store estate in the UK that it wants rents reduced by up to 50 per cent.
In return, it has offered to extend leases by a few years, The Sunday Times reported.READ MORE: Apple closes all stores out