Billionaire retailers seek rent cuts during coronavirus crisis

Philip Green and Mike Ashley join wave of high street names seeking lower costsCoronavirus – latest updatesSee all our coronavirus coverageBillionaire retailers Sir Philip Green and Mike Ashley have asked landlords for rent cuts of up to 50% as they try to cut costs during the coronavirus outbreak.Green’s Arcadia retail empire and Ashley’s Sports Direct chain have joined a wave of retailers including H&M, New Look and Debenhams in asking landlords for rent holidays or cuts