The intu Trafford Centre. Intu Fischel told Business Insider that people spend around £5.5 billion ($8.7 billion) a year in Intu's 18 shopping centres in Britain.

Shopping centre giant Intu warns it could go bust The firm's financial woes include making a loss of £2bn in 2019, failing earlier this year to raise £1bn in new funding, and having debts of £5bn.

Shopping centre owner intu, has been in a desperate scramble to agree a "standstill" on its current loan agreements. With 17 shopping centres in the UK and two in Europe, intu employs around 3,000 ...

Intu has a hugely complicated corporate structure. Although the company's gone into administration, its shopping centres haven't. They are separate companies owned by a myriad of banks and lenders.

Intu’s assets include 17 UK shopping centres including Lakeside in Essex (Reuters) A fter months of lockdown, the UK’s shops have been given the green light by the government to reopen.

One of Scotland’s biggest shopping malls is among a number across the UK that may shut as a result of financial difficulties caused ... Intu Braehead owner warns shopping centre may have to ...

intu has warned that its shopping centres may have to close in the event of it falling into administration – something which could happen as early as this week. The struggling shopping mall ...

Intu has drawn up individual plans for each of its shopping centres to “keep everyone who visits or works there safe” and ”to help Intu’s brand customers reopen safely” as the coronavirus lockdown ...

Intu sells its Intu Austurias centre in Spain for £245.15m as it continues to try and fix its balance sheet. Intu Austurias is now owned by ECE European Prime Shopping Centre Fund.

Shopping centre giant Intu is on the verge of collapsing into administration, after it failed to secure a deal in financial talks with lenders. News you can trust since 1887. Sign In.

Intu's centres were partially shut during the coronavirus lockdown, with only essential shops remaining open. The company had about 60% of shopping centre staff and about 20% of head office ...

Intu, owner of the Trafford, Braehead and Lakeside shopping centres, is warning its financial troubles could see entire sites shut. It has lined up administrators KPMG as a "contingency" in case ...