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Intu Braehead shopping centre faces administration putting thousands of Scots jobs at risk
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dailyrecord.co.ukBraehead is facing administration which has put thousands of jobs at risk in Scotland. The Renfrew shopping centre could never reopen as bosses remain locked in crunch talks with lenders in a desperate bid to settle their debt.
The group are frantically negotiating details to secure vital breathing space ahead of their deadline on Friday. Before Covid-19 hit the UK, Intu already had debts of £4.5 billion, losses doubled to £2 billion over the last year and the value of its property estate has also nearly halved.
Read more on dailyrecord.co.uk
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