McDonald’s seeks rent cut from UK landlords due to impact of COVID-19

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International fast-food chain McDonald’s is in talks with some of its landlords across the UK about cutting rent payments after the company announced that it is set to reopen some of its sites.

Businesses face their next quarterly rent bill on 24 June when they are due to pay for the next three months and McDonald’s revealed that it has paid in full for the current quarter.

However, as McDonald’s has closed all its outlets sue to the coronavirus pandemic, they are pleading with the government and landlords to help manage the impact.

A spokesman from McDonald’s said: “We have opened dialogue with some of our landlords to discuss how they might offer support on rent and service charges for a short period due to our restaurants not trading.”

McDonald’s plans to reopen 15 outlets in the UK for delivery-only services on 13 May.

The company also revealed that the coronavirus outbreak had sent first quarter like-for-like sales down 3.4%.

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