B&Q owner Kingfisher has written to landlords demanding similar concessions to those offered to its rival Focus as a result of its Company Voluntary Agreement.
The DIY giant is known to be angered by the CVA process that allowed Focus to shed its non-trading stores and gain monthly payments on the remainder.
Kingfisher group chief executive Ian Cheshire has written to those landlords the retailer shares with Focus demanding similar terms as its rival, according to The Times.
Cheshire has been outspoken about what he calls the “inequalities” of the CVA process, although has not directly criticised Focus.
In August, Cheshire told Retail Week: “The problem is, you end up with a completely uneven playing field. The strong are effectively cross-subsidising the weak.”
6 Readers' comments