UK: Adams Kids tries to settle landlord deals
Adams Kids, the children's clothes chain that is up for sale, has refuted UK press reports that landlords have seized control of company stock as a result of unsettled rental negotiations.
The retailer has been looking to vary its rent terms, moving from a quarterly to a monthly upfront payment scheme, after private equity company Bridgepoint Capital had put the chain up for sale in December.
A spokesperson for Adams Kids told just-style that existing leases were up in the air, but that talks were continuing and no goods had been seized.
He said: "The company has negotiated with some landlords and continues to negotiate with others; it is an ongoing process."
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